According to a market research company called Counterpoint Research about 9.7 million Galaxy Note 10 are to be sold this year. Based on the company, Samsung released 9.6 million Galaxy Note 9s last year. And it sold 10.3 million Galaxy Note 8s in 2017.
“Because demands for Galaxy Note 8 have been high due to discontinuation of Galaxy Note 7. Galaxy Note 10 will not be much different in terms of sales and production,” said a representative for Counterpoint Research.
Unlike previous years, Galaxy Note 10 has diversified, with its models coming out in two models. The general and the plus and LTE and 5G in overseas markets. However Samsung Electronics will most likely not increase its sales volume significantly. Since demands for premium markets are decreasing this year. Due to a gradual longer period of replacement of Smartphones by users.
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Galaxy Note 10 and the problems with 5G or not 5G
Market research firm Gartner predicted that the smartphone market will shrink 2.5 percent this year. It also will not rebound until next year when 5G is fully operating.
“As demands for replacement of 5G Smartphones are going to start in earnest in 2020, there will be waiting demands.” said Park Kang-ho, a researcher at Daishin Securities Co. “If new models from Apple Inc. and Chinese Smartphone manufacturers launches in second half of this year, Samsung Electronics’ sales of Smartphones will weaken compared to second quarter due to increased competition.”
Fact that only 5G models will release in South Korea is a variable. With 5G coverage still lacking, LTE model’s options have disappeared altogether. It is predicted that store price for top specifications will be close to 1.5 million won due to increase in price of cellphones. Although its quantity is small, demands from the Note series’ fan base may move in part to the Galaxy Fold, which scheduled to launch September.
However there is a possibility that sales volume of telecommunication businesses will increase more than expected. If telecommunication businesses start to fight for official funding and subsidies at the beginning of release.
Users of existing notes expect to post sales of similar levels to their predecessors. As they do not have high psychological hurdles on prices and have higher loyalty than other handsets, a source at the news agency said.
“Note 10 provides intuitive and expanded S Pen experience, productivity function, and 5G multimedia experience.” said Samsung Electronics during a conference call to announce its second-quarter earnings. Samsung Electronics will unveil the Galaxy Note 10 in New York on Aug. 7 and release it on Aug. 23.
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