SEOUL - Samsung Electronics Co Ltd may discontinue its premium Galaxy Note phone next year, sources with knowledge of the matter said, a move that would reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.
The Galaxy Note, known for its large screen and a stylus for note-taking, is one of two Samsung premium phone series - the other being the more compact Galaxy S which draws in consumers with its state-of-the-art parts.
At present, the South Korean tech giant does not have plans to develop a new version of the Galaxy Note for 2021, three sources said, declining to be identified as the plans were not public.
Samsung Electronics Co Ltd may discontinue its premium Galaxy Note phone next year, sources with knowledge of the matter said, a move that would reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.
Tom Kang, an analyst at research firm Counterpoint, said sales of Samsung’s Note series are expected to fall by a fifth to 8 million this year while sales of the S series are likely to drop by 5 million to less than 30 million.
The Galaxy Note 20 was launched in the United States this year with a $999 price tag, on par with the Galaxy S20 while the iPhone 12 starts at $799.
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