Samsung Galaxy S20 series still struggling to sell

Samsung Galaxy S20 series still struggling to sell
As companies worldwide are coping with the effects of COVID-19, tech giant Samsung is reportedly worried over poor sales and lower stock market value.

We've learned from a Seoul Economic Daily report (via Android Authority) that the Samsung Galaxy S20 series sold 40% worse than its predecessor, the Galaxy S10 series, according to industry estimates. By the time the South Korean giant releases its quarterly earnings to the public, those numbers could get even worse.

The report says Samsung Electronics held a private conference call for its investors, where a decline in smartphone demand due to the coronavirus pandemic was mentioned. Apparently, local market analysts predict Samsung's market share to decrease.

But sales of the Galaxy S20 series are lower not just because of the coronavirus. Consumers are now less likely to purchase new phones in general -- due to increasing prices and more affordable, long-lasting options entering the market. Additionally, Samsung is still selling the Galaxy S10 series from last year at lower, more attractive prices.

Although Samsung's semiconductor sales are still doing well due to demand, its wireless solutions, displays and home appliances divisions are also expected to suffer from decreasing revenue for the foreseeable future.

Related phones

Galaxy S20
  • Display 6.2 inches
    3200 x 1440 pixels
  • Camera 12 MP (Triple camera)
    10 MP front
  • Hardware Qualcomm Snapdragon 865, 12GB RAM
  • Storage 128GB, microSDXC
  • Battery 4000 mAh
  • OS Android 10
    Samsung One UI
Galaxy S20 Ultra 5G
  • Display 6.9 inches
    3200 x 1440 pixels
  • Camera 108 MP (Quad camera)
    40 MP front
  • Hardware Qualcomm Snapdragon 865, 12GB RAM
  • Storage 128GB, microSDXC
  • Battery 5000 mAh
  • OS Android 10
    Samsung One UI
Galaxy S20+
  • Display 6.7 inches
    3200 x 1440 pixels
  • Camera 12 MP (Quad camera)
    10 MP front
  • Hardware Qualcomm Snapdragon 865, 12GB RAM
  • Storage 128GB, microSDXC
  • Battery 4500 mAh
  • OS Android 10
    Samsung One UI

FEATURED VIDEO

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless