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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 brought 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 this is due to the fact that users are not ready to pay $ 1000 for a phone in a plastic case with a 60Hz screen. The situation is not saved even by the support of the S-Pen stylus. Due to low demand, many retailers have lowered the cost of a smartphone by $ 200.
Interestingly, Samsung reported a 50% increase in smartphone profits in the last quarter, despite the poor performance of the Note 20 and S20 series. This means that mid-budget devices of the company are in the 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.