New report claims Samsung may discontinue its pricey Galaxy Note phones

Samsung Galaxy Note 20 Ultra
(Image credit: Samsung)

As unreleased Android smartphone rumours go, this is pretty big: Samsung, the world's second-largest mobile phone manufacturer (it was overthrown from the top spot by Huawei in July this year) might be looking to discontinue its premium Galaxy Note phones.

A new Reuters report states that three unnamed sources "familiar with the matter" have all confirmed that at present, the South Korean tech giant does not have plans to develop a new version of the Galaxy Note (to update the 2020 release Galaxy Note 20 and Samsung Galaxy Note 20 Ultra) in 2021.

Samsung Galaxy Z Fold2

(Image credit: Samsung)

According to the report, Tom Kang, an analyst at research firm Counterpoint, told Reuters that sales of Samsung’s Note series are expected to drop by one fifth to 8 million this year, while sales of the S series are likely to fall by 5 million, to less than 30 million.

“Premium demand has decreased this year and many people are not looking for new products,” he said.

Samsung has yet to break its silence over the matter and officially confirm or deny its intentions going forward.

Samsung's Galaxy Note 20 Ultra launched in September 2020, with a price tag of £1179 ($1299 / AU$1849). The Galaxy Z Fold2, also a September 2020 launch, will set you back £1799 ($1999 / AU$2999). Pricing for the new S21 lineup has yet to be revealed – but watch this space.

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Becky has been a full-time staff writer at What Hi-Fi? since March 2019. Prior to gaining her MA in Journalism in 2018, she freelanced as an arts critic alongside a 20-year career as a professional dancer and aerialist – any love of dance is of course tethered to a love of music. Becky has previously contributed to Stuff, FourFourTwo, This is Cabaret and The Stage. When not writing, she dances, spins in the air, drinks coffee, watches football or surfs in Cornwall with her other half – a football writer whose talent knows no bounds.