Sales of Samsung Electronics’ Galaxy Note20 series seem lower than expected, TheElec has learned.
Samsung Mobile only produced around 70% of what it planned to produced for the month of October, people familiar with the matter said.
Samsung aimed to produce just short of 900,000 units of the Note20 series in October but only manufactured around 600,000 units, the sources said.
The production ratio between the standard Galaxy Note20 and the Galaxy Note20 Ultra was around one to two, they said.
The drop in production rate was worst for the Note20 compared to the Note20 Ultra.
The Galaxy Note20 series began official sales in August 21.
Samsung mobile saw operating profits of 4.45 trillion won in the third quarter, over 50% higher than last year in the same time period.
It seems it saw stronger sales in its mid-tier line-up compared to flagship smartphones in the quarter.
Samsung said its increase profitability was due to cost restructuring and efficient spending on marketing.
The company is planning to began production of the Galaxy S21 series next month. Samsung is preparing for initial batch of 2 million units for next year.
The company was also planning to launch a foldable smartphone at a lower price point than it is offering now next year.