Samsung has just confirmed through its recent financial report that the Galaxy Note 20 series and the Galaxy Fold 2 will launch later this year. While the report primarily revolved around financial figures, it also revealed certain interesting information as well, especially related to the highly anticipated handsets mentioned above.
While the South Korean tech giant didn’t directly name individual models, it did state its plans on improving product sales for the second half of 2020. It is clear from the reports that the performance in the first quarter and the first half overall wasn’t satisfactory. A major reason for the decline in sales is likely attributed to the Coronavirus pandemic.
Editor’s Pick: Roborock S6 MaxV launched, features 3 hour battery life and advanced recognition technology
Thus, the company is looking to bolster its offerings to attract higher sales in the latter half. Samsung, while not revealing names, stated that the new Galaxy Note and Galaxy Fold models will play an integral part of its plan for the second half of this year. So, it is almost a complete confirmation regarding the Galaxy Note 20 and Galaxy Fold 2 being an important part of the premium segment, through which the company plans on bolstering sales numbers again.
Unfortunately, Samsung did not reveal any specifics about the flagship devices apart from the role they will come to play in a few months. Although, these are a part of the company’s plans to expand its 5G enabled handsets’ portfolio. Samsung is currently the most popular 5G smartphone maker, thanks to its home country being one of the first to adopt the newer and faster bandwidth in the mass commercial market. So we may soon see even more affordable Galaxy smartphone with 5G networking soon, apart from the premium flagships.
UP NEXT: Huami is developing N95 face masks that works with face unlock on smartphones, dubbed Project Aeri
(Via)
Comments