Price cuts looming for LG G Pro 2 and Samsung Galaxy Note 3?

Speculation is rising in Korea that LG and Samsung are about to slash prices on two handsets. The Samsung Galaxy Note 3, currently priced at 1,067,000 won ($1049 USD), is expected to receive a haircut to 950,000 won ($933 USD). That works out to an 11% price cut for the phablet. The next iteration of the device is due to hit the market in September, with its usually large screen expected to offer a 1440 x 2560 QHD resolution.

Samsung's countrymate, LG, is doing some price pruning of its own. The LG G Pro 2, the manufacturer's 5.9 inch phablet-sized model, is rumored to receive a price cut from 999,000 won ($982 USD) to 799,700 won ($786 USD). That is a pretty healthy 20% drop in price. LG cut the price of the phone once before, after the Samsung Galaxy S5 launched at a lower price than LG expected it would. In addition, the launch of the flagship LG G3 in the country at 899,800 won ($884 USD), suggested that a discount to the LG G Pro 2 was due.

Two high-end phones, two price cuts. Let's hope that the manufacturers decide to wield their respective axes outside of Korea.

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source: ZDNet (translated) via GforGames