According to sources familiar with the knowledge at hand, from 2021 Samsung Electronics Co Ltd may discontinue its Galaxy Note line of smartphones.
The development comes in the wake of a sharp drop in demand for high-end smartphones because of the coronavirus-induced COVID-19 pandemic.
Known for its large screen and its stylus for taking notes, the Galaxy Note is one of two Samsung premium phone series, the other being the Galaxy S, which had earlier been a hit with consumers because of its state-of-the-art parts.
According to three sources familiar with the matter at hand, presently, Samsung does not have plans to develop a new version of the Galaxy Note for next year.
Sources preferred the cover of anonymity since the plans have not been made public.
Samsung will develop its top Galaxy S series’ model, the S21, which will feature a stylus; the next version of Samsung’s foldable phone will also be compatible with a stylus, which incidentally, will be sold separately, as per a source.
Samsung declined to comment.
According to Tom Kang, an analyst with research firm Counterpoint, sales of Samsung’s Note series are expected to fall by a fifth to 8 million in 2020 while sales of Samsung’s S series are expected 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,” said Tom.
Earlier this year, Samsung launched the Galaxy Note 20 in the United States with a price tag of $999 on par with the Galaxy S20.
Samsung had first launched the Note in 2011, and broke new grounds with a large screen and a stylus. The Note helped Samsung overtake Apple to become the world’s largest smartphone maker for the first time that year.