For those who had been questioning whether or not (or how a lot) the continued world coronavirus pandemic has negatively impacted gross sales of excessive priced smartphones, Samsung appears to have a solution for you.

In keeping with a brand new report from its dwelling of South Korea, the corporate held a non-public casual convention name for some securities analysts, wherein it got here clear about the truth that the Galaxy S20 collection is barely promoting round 60% as a lot because the S10 household did one yr in the past.

That is fairly dangerous, as you may think about, however needless to say this may increasingly solely apply to the South Korean market. Samsung immediately talked about the pandemic as an underlying motive for the brand new fashions’ disappointing gross sales numbers. The corporate additionally thinks issues could get even worse within the close to future, relying on how the pandemic evolves.

Samsung has already discounted its S20 fashions within the US in a transfer that is most likely associated to a hunch in demand, at a time when most individuals most likely do not need to splurge and spend a ton of cash on a brand new telephone, since there are extra urgent points.

Supply (in Korean)