It seems that we still have no clear picture of the level of impact COVD-19 has had on the world. If there is a piece of news that can give a small picture of the situation then it has to be this one. On Reuters, it was reported that Samsung may stop the production of its premium Galaxy Note smartphone from 2021. The report also mentioned that sources with knowledge of the matter have said that this move will also reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.
The report further mentions that Samsung has no 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. Instead, the Galaxy S series’ top model, the S21, will have a stylus and the next version of Samsung’s foldable phone will be compatible with a stylus, which will be sold separately, one of the sources said. A second source said company development efforts that normally would have been directed to the Note would now be channeled into its foldable phone range. However, Samsung declined to comment.
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. “Premium demand has decreased this year and many people are not looking for new products,” he said.
The fact that there is such a sharp and significant drop in the sales of Samsung’s Note series shows that the buying power of customers has reduced all over the world. This level of drop in sales of Samsung’s Note series is something that hasn’t been seen before, especially when you consider that this device was the pinnacle of android smartphones. However, one needs to take into account the price that Samsung sells Galaxy Note 20 is $999 which is more expensive than the iPhone 12 at $799.
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