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Galaxy Note 10 Sales Help Samsung Maintain Profitability; Company Is Expected to Rely on Foldable Handsets Heading Into 2020

Galaxy Note 10 Sales Help Samsung Maintain Profitability; Company Is Expected to Rely on Foldable Handsets Heading Into 2020

5 years ago
Anonymous $xdcOWPpsb_

https://wccftech.com/galaxy-note-10-sales-samsung-success-q3-2019/

When the Galaxy Note 10 and Galaxy Note 10 Plus were launched earlier this year, their high price tags, particularly for the 5G variants for exclusive markets may have discouraged customers from upgrading. However, preorders of the Galaxy Note 10 crossed 1 million in Samsung’s home market of South Korea, beating the Galaxy Note 9 estimates in the process too. The good news for Samsung is that additional Galaxy Note 10 sales have helped the Korean giant maintain a strong level of profitability, especially when other business arms of the company aren’t doing well financially.

According to Samsung’s latest report, mobile earnings in the third quarter improved significantly compared to the previous quarter thanks to Galaxy Note 10 sales. This momentum was aided by Samsung’s Galaxy A-series of handsets, but the Korean giant didn’t mention which particular models did well. The report also states that the cost reduction of phone models helped Samsung improve its profit.