According to an article published today by Reuters, Samsung already cut the price of its new Galaxy S5 by around 10% in South Korea (the company’s home country). As we reported not long ago, the S5 was released in South Korea at the end of March, earlier than anywhere else in the world, and is available via all three major Korean mobile carriers.
Reuters quoted IBK Securities analyst Lee Seung-woo, who said that the price cut “reflects how much Samsung is agonizing to secure margins. They're now offering premium models at lower prices as the demand outlook for high-end phones remains uncertain.”
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from PhoneArena - News http://ift.tt/1hsozjS
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