Samsung in Panic Mode as Galaxy S20 Doesn’t Sell

Samsung isn’t pleased with the way the Galaxy S20 is selling, according to a recent report, as the market performance of its new flagship is much lower as compared to the one of the previous model.

The Galaxy S20 was announced in February at a time when the coronavirus pandemic was yet to expand to the entire world. But when sales of the device officially started, the COVID-19 was already keeping people inside in a bigger number of countries.

So if we mix the coronavirus impact and the high price of the Galaxy S20, it’s really not difficult to see why the new Android phone isn’t selling exactly as anticipated.

Samsung, however, is worried that these figures could drop even more, especially some of its largest markets in Europe, as well as the United States, are still in lockdown due to the virus outbreak.

Major drop for all Samsung units

People close to the matter who spoke to the Seoul Economic Daily claimed the Galaxy S20 sales are currently at approximately 60% of the ones recorded by the Galaxy S10 in the first weeks on the market. So it the sales drop even more, Samsung could record a dramatic 50 percent decline in sales year-over-year for its flagship lineup of phones.

And obviously, this isn’t Samsung’s only problem, as the rest of the divisions are expected to be impacted by the coronavirus outbreak too. In addition to the Galaxy S20, the other phone models, including the mid-range and low-end devices that maintained its market share are also likely to experience declining sales all over the world.

Of course, the other electronics that Samsung manufactures could record decreasing sales all over the world, so it’ll certainly be interesting to have a look at Samsung’s earnings report when the company shares it at the end of the quarter.