Samsung Galaxy S5 prices already slashed by 10% in Korea?

According to an article published today by Reuters, Samsung already cut the price of its new Galaxy S5 by around 10% in South Korea (the company’s home country). As we reported not long ago, the S5 was released in South Korea at the end of March, earlier than anywhere else in the world, and is available via all three major Korean mobile carriers.

Reuters quoted IBK Securities analyst Lee Seung-woo, who said that the price cut “reflects how much Samsung is agonizing to secure margins. They're now offering premium models at lower prices as the demand outlook for high-end phones remains uncertain.”

At launch, an unlocked Samsung Galaxy S5 was priced at $832 (866,800 KRW) in South Korea.

Another analyst, Lee Min-hee (from IM Investment), assumes that the bill of materials (BoM) for the new S5 is 10 to 15 percent lower than for the Galaxy S4 from last year. With that in mind, maybe we shouldn’t be surprised to see Samsung offering the S5 for less than its initial price.

The Galaxy S5 will be launched around the world later this week, on April 11. For the moment, there are no signs to indicate a price drop for the handset in international markets. In the US, the new S5 will cost $599.99 off contract, and $199.99 with a two-year contract agreement.

It’s said that a premium version of the Galaxy S5, possibly called Galaxy F, will be introduced later this year to cater the needs of those who aren't satisfied with the materials used to manufacture the regular S5. Until then, for more about the S5 that's going to be widely available this week, you should check out our review of it here.

Reuters also discussed about Apple and its upcoming smartphones. As you may know, the Cupertino company should announce a new iPhone model in the second half of 2014. In fact, we might see two new iPhone models this year, one sporting a 4.7-inch display, and another one featuring a 5.5-inch screen. Toni Sacconaghi, an analyst at Bernstein Research, reportedly believes that “making the screen just 30 percent larger could wipe 4-5 percentage points off” Apple’s gross margins. Even so, the price of the new 4.7-inch iPhone 6 (or whatever it’s going to be called) is expected to remain at the same level with the price of the iPhone 5S from 2013.

source: Reuters

Related phones

Galaxy S5
  • Display 5.1 inches
    1920 x 1080 pixels
  • Camera 16 MP (Single camera)
    2.1 MP front
  • Hardware Qualcomm Snapdragon 801, 2GB RAM
  • Storage 32GB, microSDXC
  • Battery 2800 mAh
  • OS Android 6.0 Marshmallow
    Samsung TouchWiz UI



11. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

Here we go again: "It’s said that a premium version of the Galaxy S5, possibly called Galaxy F, cater the needs of those who aren't satisfied with ..... the regular S5." LOL , as soon the day of S5 is coming closer, as more desperate the Apple propaganda become. This, or "Note 4 coming next month" are the main bullets.. This "prices already slashed by 10%" BS was new fresh approach, though:) How coul'd be "slashed" when S5 was not officially yet in Korea. It was spculative prices so far. Bad news for you iboys: YOU COULDN'T STOP the great S5 ! Because it's GREAT. As you could NEVER make the POS M8 to sell better ! Because it's POS Just don't call me Sboy. Because I'm not. I just buy the best, no matter of the brand.

15. giani

Posts: 269; Member since: Nov 13, 2012

This premium mafia trying to brainwash us with this cheap plastic propaganda! Repeat after me: nobody cares !

16. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

Repeat after me: S5 will sell great. No mater of the all the iPropaganda. P.S. And ooh, you iboy care very much as I can see.

10. aditya.k

Posts: 496; Member since: Mar 10, 2013

$599 off contract. Costs $880 in India :(

7. 1ceTr0n

Posts: 549; Member since: May 20, 2012

Makes sense when your the country actually making the freaking product, you have the power and flexiblity to determine product costs at will

5. NokiaFTW

Posts: 2072; Member since: Oct 24, 2012

I don't think the S5 is gonna sell as well as the S4 did and certainly not like the S3.

8. 1ceTr0n

Posts: 549; Member since: May 20, 2012

With the M8 being lackluster and the Z2 being delayed, the S5 will hit sales hard actually

9. geordie8t1 unregistered

well the s5 pre orders have eclipsed the s4 pre orders by a considerable distance already, and like 1ce tr0n already said, given that the M8 is slow of the blocks again, and with xperia z2 being delayed in lots of markets till Jun/July time, the s5 once again has the potential to take the window of opportunity for itself with no real competition, the first 3-4 weeks of sales are critical when releasing these flagship products, and given that the other manufacturers are struggling samsung with happliy step in, and just to help sales along a bit more, give discounts before the sales ban kicks in, that is a very smart move in a market that is massively oversaturated with superphones.

18. Whopyourass unregistered

geordie, are u in your own world or are u drunk? LOL! Saying Samsung happily stepping in and offering discounts before the sales ban kicks in is a smart strategy is being smart huh? Price drops occur when the demand is low, why would Samsung drop the price of its S5 if the demand is that phenomenal? LMAO. Pls show me the statistics/report that S5 pre-orders are eclipsing the S4 by a considerable distance. Last I heard they are only selling at 7,000 Galaxy S5s in Korea per day, which is lower than the 8,000 per day for the S4 and 10,000 for the S4 LTE-A. And mind you, the S4 wasn't a hit despite launching with a huge start. And even in Korea now, the S5 has been criticized for being 'boring' among consumers. Which is why no one is surprised when Samsung decides the drop the price of the S5 so quickly now. LMAO.

4. Anshulonweb

Posts: 468; Member since: Feb 07, 2014

as expected....

6. sipha

Posts: 440; Member since: May 12, 2012

& maybe they decreasing the price cause of the upcoming sales ban in south korea!!

12. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

How could be "slashed" when S5 was not officially yet in Korea. It was speculative prices so far. One free tip: Do not EVER trust tech sites, that write every day about "premium ALUMINUM"!!!!!!! :)

14. giani

Posts: 269; Member since: Nov 13, 2012

I hear you brother, trust no one ! Hmm pathetic and paranoid ?!

17. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

Me? Paranoid? LOL Unfortunately iboy, I'm just objective.

19. orca99

Posts: 87; Member since: Oct 05, 2013

It was launched for sale by Korea's largest carrier, SKT, ahead of Samsung's official launch. It was not a speculative price. It's a fixed price offered by the carrier.

3. skyline88

Posts: 702; Member since: Jul 15, 2013

just on sale in my country today. 32GB LTE version: rrp: 740 USD street price: 700 USD

1. AfterShock

Posts: 4147; Member since: Nov 02, 2012

58 pictures attached? On topic, feel like rumors of the Note4 about to start going mainstream?

2. true1984

Posts: 871; Member since: May 23, 2012

ikr, i dont realyl see the point since we already know what the phone and interface look like

13. PunyPoop

Posts: 752; Member since: Jan 18, 2013

It's called MARKETING..

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