To put it in a Western currency, thats $40, so its very little. It goes counter to industry expectations as experts had a forecast that the 2020 models will cost KRW 0.05 more than their predecessors, not less.
Last year Samsung introduced the Galaxy Note10 at a cost of KRW 1.25 million and the Note10+ at KRW 1.5 million in South Korea. This years designs will get a small discount rate, reports Korean publication Naver – both the Galaxy Note20 and Note20+ will be KRW 0.05 million more affordable.
At launch, the Note10 was $950 in the US and EUR950 in Europe, the Note10+ was $1,100 and EUR1,100, respectively. Navers report doesnt make it clear if the discount rate will use to foreign markets, though, but we may see these prices follow the trajectory of the ones in Samsungs house market.
The cost cut is partially explained with the expectations of lower demand due to the COVID-19 epidemic. Thats not all, though, in 2015 provider offered major subsidies for the Note10 duo (up to KRW 0.7 million, covering the majority of the cost). This year the subsidies will be smaller sized, which means buyers will need to pay more upfront.
The Note20 duo (together with the Galaxy Fold 2 and Z Flip 5G) will be revealed at an Unpacked online event on August 5. The Notes are anticipated to go on pre-order immediately after and to end up being available in shops on August 21 (the foldables may be a bit late to market).
Even with lower rates Samsung is apparently anticipating lower sales of its premium Galaxy Note20 series. This follows sales of the S20 series were likewise impacted by the financial unpredictability that buyers are facing.
Source (in Korean)|Via
