Samsung Electronics may discontinue its premium Galaxy Note phone in the following year. This move reflects the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.
Known for its large screen and a stylus for note-taking, Galaxy Note is one of two Samsung premium phone series. The other being more compact, Galaxy S draws in consumers with its state-of-the-art parts.
Galaxy S series’ top model, the S21, will have a stylus and the next version of Samsung’s foldable phone will be compatible with a stylus, which will be sold separately.
Sources said company development efforts that normally would have been directed to the Note would now be channelled into its foldable phone range.
Tom Kang, an analyst at research firm Counterpoint, said sales of Samsung’s Note series are expected to fall by a fifth to 8 million this year while sales of the S series are likely to drop by 5 million to less than 30 million.
“Premium demand has decreased this year and many people are not looking for new products,” he said.
The Galaxy Note 20 was launched in the United States this year with a $999 price tag, at par with the Galaxy S20.
Samsung first launched the Note in 2011, breaking new ground in the market for larger screen models and helping it overtake Apple to become the world’s largest smartphone maker for the first time that year.