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Samsung cuts cost of Galaxy Note 8 ahead showcase of successor

All Headlines 11:01 July 02, 2018

SEOUL, July 2 (Yonhap) -- Samsung Electronics Co. is offering a discount for its flagship Galaxy Note 8 smartphone starting this month, industry sources said Monday, around a month ahead of the showcase of its predecessor.

Samsung Electronics reduced the factory price of the 64GB Galaxy Note 8 to 998,800 won (US$893) from the previous 1.09 million won, the sources said. The price of the 256GB edition also fell to 1.09 million won from 1.25 million won.

The move apparently came as the tech giant is seeking to reduce its inventory of the Galaxy Note 8, as it plans to showcase the presumed Galaxy Note 9 in August. Samsung said earlier it will host an "Unpacked" event on Aug. 9, 2018, at New York's Barclays Center.

Industry watchers said the discount is significant as Samsung normally offered discounts for older models after the launch of successors. Samsung discounted prices of the Galaxy S8 series after the Galaxy S9 hit shelves.

The latest move accordingly reflects the sluggish sales of high-end smartphones, they added.

Industry watchers expect the presumed Galaxy Note 9 will come with a 6.4-inch screen, which is slightly bigger than the Galaxy Note 8's 6.3-inch display. Others also claim that the new phablet may come with an ample battery capacity of 4,000 mAh, compared with the Galaxy Note 8's smallish 3,300 mAh.

Samsung Electronics Co.'s Galaxy Note 8 (Yonhap)

colin@yna.co.kr
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