For the first time since 2014, the Galaxy Note family includes two different models. Three if the Note 10+ enabled for the 5G also counts, although unlike the Galaxy S10 5G, that bad boy is essentially identical to the 4G LTE variant in all aspects only, apart from connectivity. And of course, there’s also a Note 10 5G “regular size”, but you can’t have it in the US.
In case you wonder how this new launch strategy could work and an extended product line for Samsung, the first signs seem to point in the right direction, with stellar numbers of advance orders informed last month. The actual sales of the Galaxy Note 10 list are also quite impressive, at least in South Korea, which is the home of the technology giant and one of its most important global markets.
A new historical record for the Galaxy S and Note families
Officially presented on August 7th, Note 10 and Note 10+ increased by pre-order within 48 hours in the US. And Korea, starting deliveries and store availability just a couple of weeks later. Since 23 August, the leading duo has overcome the sales barrier of 1 million households, which means that it took only 25 days to reach this goal.
In comparison, Samsung took 54 days last year to reach that regional number with the Galaxy Note 9, while the Galaxy S10 line “crashed” to its million in 46 days earlier this year. The company’s latest S-series hero devices were really going to beat the 37-day Galaxy S8 record needed to top a million national sales.
Of course, this means that Note 10 and Note 10+ have become Samsung’s fastest phones for accumulating a million units in South Korea, challenging the general decline of the global mobile industry. It is an even more remarkable result if we consider that the Galaxy S line is traditionally considered the most “conventional” product portfolio. And let’s not forget that Samsung has launched both the Note 10 and the Note 10+ nationally only in variants with 5G capacity, which means that these impressive volumes also have heavier profit margins than usual.
Great news for Samsung’s not so good finances
Yes, Chaebol reported an operating profit of approximately $5.6 billion in the quarter from April to June 2019, which sounds pretty good. For almost all the other companies involved in the smartphone manufacturing sector, this would have been a surprising result at a time of stagnant sales and expansion of replacement cycles, but for Samsung, it represented a huge annual decline of 56 percent, caused by the ” weak moment “of the Galaxy S10.
While it is obviously too early to predict a general financial recovery and substantial growth following the strong performance of the Galaxy Note 10 in a single country, it is also hard to believe that new high-performance cannot crush the end of the annual results. of Note 9. After all, the aforementioned 25-day total of the Note 10 duo in Korea is apparently “more than twice that of its predecessor.”
If the Note 10 and the Note 10+ exceed the Note 9 worldwide, an incredible figure of around 20 million units sold would be absolutely achievable by the end of 2019. Of course, this seems unlikely, but above 10 million. They shouldn’t be a problem. Another positive aspect for Samsung’s books is that the more expensive Note 10+ accounted for a dominant share of 63 percent of the family’s first domestic sales, which guarantees very high revenue this quarter and confirms the somewhat awkward position on the standard Note 10 market.
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