For the first time in its 8-year history, the Galaxy Note family includes two different models. Three, if you also count the 5G-capable grade 10+, although this bad guy is unlike the Galaxy S10 5G in every way identical to the 4G LTE-only variant, apart from the connectivity. And of course there is a "normal sized" grade 10 5G, but you can not have that in the US.
In case you are wondering what this new release strategy and Samsung's extended product line might look like, the first signs seem to point in the right direction. Excellent pre-order numbers were reported last month. The actual sales of the Galaxy Note 10 roster are also quite impressive, at least in South Korea, the home of the technology giant and one of its major global markets.
A new record for the Galaxy S and the Note family
The models 10 and 10+, officially launched on August 7, were preordered within 48 hours in both the US and Korea and just a few weeks later launched delivery and availability in the store. Since August 23, the flagship duo has exceeded the limit of 1 million domestic sales, meaning it only took 25 days to reach that milestone.
The age-old Galaxy S8 was the previous record holder
By comparison, last year, Samsung needed a whopping 54 days to reach that regional number with the Galaxy Note 9, while the Galaxy S10 range "exceeded" its million mark 46 days earlier this year. The company's latest S-series heroes have almost broken the record of 37 days needed to cross one million domestic sales.
This, of course, means that the Note 10 and the 10+ mark have become Samsung's fastest mobile phones of all time, selling over one million devices in South Korea, defying the general decline of the global mobile industry. This is an even more remarkable achievement, considering that the Galaxy S line is traditionally considered the mainstream product portfolio. And let's not forget that Samsung has released both the Note 10 and the Note 10 Plus domestically only in 5G-enabled variants. This means that these impressive volumes also have higher profit margins than usual.
Good news for the not so good finances of Samsung
Yes, Chaebol reported an operating profit of $ 5.6 billion between April and June 2019, which sounds pretty good. For almost every other smartphone manufacturing company, this would have been an astonishing result in times of stagnant sales and increasing replacement cycles. For Samsung, however, this meant a sometimes massive decline of 56 percent over the previous year from the "weak momentum" of the Galaxy S10.
The Galaxy S10 was not as popular as the Note 10 seems to be
Although it is obviously too early to predict a financial recovery and significant growth based on the strong performance of the Galaxy Note 10 in a single country, it is also hard to believe that the new high-end companies will not end it After all, the aforementioned 25-day sum of the Note 10 duo in Korea is apparently "more than twice as high as that of its predecessor".
If Note 10 and Note 10+ could outperform Note 9 many times over, a stunning sales volume of around 20 million units would be absolutely achievable by the end of 2019 10 million should not be a problem. Another plus point for Samsung's books is that the more expensive 10+ mark accounted for a dominant share of 63 percent in the family's early domestic sales, which ensured sky-high sales this quarter and confirmed the somewhat disagreeable "10" standard market position.