Order the just-launched Galaxy Fold7, Flip7, or Watch8 Classic – New deal Galaxy S25 Ultra
Last updated: April 20th, 2020 at 04:50 UTC+02:00
SamMobile has affiliate and sponsored partnerships, we may earn a commission.
Reading time: 2 minutes
According to a new report from Yonhap News, sales of the Galaxy S20 series are hovering below the sales of the Galaxy S10 series. The main reason behind disappointing sales is said to be a lower demand for consumer products amid the COVID-19 pandemic. South Korean mobile carriers claim that the cumulative sales of the Galaxy S20, Galaxy S20+, and the Galaxy S20 Ultra are just 60 percent of the sales of the Galaxy S10 series.
Samsung has not been reporting official sales numbers for the Galaxy S20 series, but it claimed that sales of its latest flagship smartphone series were around 80 percent of the Galaxy S10 sales. Due to weaker-than-expected numbers, Samsung's IT and Mobile Communications division is estimated to have posted an operating profit of KRW 2.5 trillion (around $2 billion) or lower during Q1 2020. The company will publish its final numbers later this month.
It's not just Samsung, though. It is being estimated that most smartphone and consumer electronics brands will post lower numbers this year when compared to their last year's numbers. Market research firm Strategy Analytics revised its global smartphone sales estimates for 2020 from 1.3 billion units to 1 billion units.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
Trending
We'd like to show you notifications for the latest important news and updates