In case you have been questioning whether or not (or how a lot) the continuing international coronavirus pandemic has negatively impacted gross sales of excessive priced smartphones, Samsung appears to have a solution for you.
In accordance with a brand new report from its dwelling of South Korea, the corporate held a non-public casual convention name for some securities analysts, through which it got here clear about the truth that the Galaxy S20 sequence is just promoting round 60% as a lot because the S10 household did one 12 months in the past.
That is fairly dangerous, as you’ll be able to think about, however understand that this will likely solely apply to the South Korean market. Samsung instantly talked about the pandemic as an underlying motive for the brand new fashions’ disappointing gross sales numbers. The corporate additionally thinks issues might get even worse within the close to future, relying on how the pandemic evolves.
Samsung has already discounted its S20 models within the US in a transfer that is in all probability associated to a droop in demand, at a time when most individuals in all probability do not wish to splurge and spend a ton of cash on a brand new cellphone, since there are extra urgent points.
Source (in Korean)