The price of the newly launched Galaxy Note 8 smartphone is likely to hover above 1 million won (approximately $887/ Rs 56,000), head of Samsung Electronics Co.'s mobile business has said.
Koh Dong-jin, president of Samsung Electronics' mobile business, during a press meet in Berlin, hinted that it will be “ extremely difficult” for the company to keep Note 8’s price lower than 1 million won in the home market.
The actual production cost of the Galaxy Note 8 is estimated at $350 (approx. Rs 23,000).
Its predecessor, Galaxy Note7, was released at a price of 988,900 won in South Korea and Rs 59,990 in India.
According to industry sources, in America, the 64GB model of Galaxy Note 8 is being sold for $929 (approx Rs 60,000) including taxes.
Samsung has already commenced pre-registration for the Galaxy Note 8 in countries including India, South Korea and US. Interested buyers looking to get their hands on Samsung’s flagship offering can pre-book the phone on Samsung’s website.
The handset is slated to release on September 15 globally, but launch date for the Indian market is yet unknown. The phone is expected to cost over Rs 60,000 in India.
To recall, Galaxy Note 8 features a 6.3-inch AMOLED quad HD display with 2960 x 1440 pixel resolution, is powered by Qualcomm Snapdragon 835/ Exynos octa core SoC, backed by 6GB of RAM and 64GB of internal storage with support for microSD card. On the photography front, the Galaxy Note 8 boasts a dual camera setup with two 12MP sensors — one wide angle lens and one telephoto lens and an 8MP selfie shooter. The phablet runs on Android 7.1.1 with company’s UI on the top. The Galaxy Note 8 has a dedicated button for Samsung’s virtual voice assistant Bixby. The Galaxy Note 8 draws power from a 3300mAh battery and is IP68 certified water and dust resistant. Connectivity on the smartphone includes NFC and MST for Samsung Pay, and offers USB Type-C charging port.