Report: Samsung’s flagship smartphones tank just before Galaxy S8 launch

A financial report cited by South Korea’s Yonhap News says that Samsung’s higher-end smartphones are accounting for a rapidly decreasing share of the company’s sales.

Premium smartphones account for just 29% of Samsung’s smartphone sales, down from 75% in mid-2013, Yonhap quotes a Hana Financial Investment report as saying. The disastrous battery problems experienced by the Samsung Galaxy Note 7 undoubtedly have a lot to do with the company’s shrinking premium device sales, but the report indicates that those sales were already in decline before the Note 7 incidents began to attract widespread negative publicity.

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