Last updated on December 8th, 2022 at 02:33 pm
Samsung has reduced orders for Galaxy Note 20 due to low demand
The authoritative publication The Elec reports that Samsung has significantly reduced the production of smartphones Galaxy Note 20 and Note 20 Ultra, which caused losses to suppliers of components for devices. Instead of 800 thousand smartphones per month, the company will produce 600 thousand.
It is reported that the first will be reduced production volumes of the base Galaxy Note 20. Analysts say that this is due to the fact that users are not ready to pay $ 1000 for a phone in a plastic case with a 60-Hz screen. Even the support of the S-Pen stylus does not help the situation. Due to low demand, many retailers have reduced the cost of the smartphone by $ 200.
Interestingly, Samsung reported a 50 percent increase in smartphone profits in the last quarter, despite the poor performance of the Note 20 and S20 series. This means that the company’s mid-budget devices are in greatest demand. This explains why Samsung has been focusing so much on more affordable smartphone models lately.
It is worth noting that, according to recent rumors, the South Korean tech giant is working on an affordable foldable smartphone. It is reported that its launch is scheduled for next year. Also next year, the Note series may disappear altogether, and smartphones with a stylus will appear in the Galaxy S21 series.
