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Samsung Galaxy S5 Already Got a Price Cut in Korea

Samsung Galaxy S5 Price
According to a report published in Reters, Samsung already slashed the price of Galaxy S5 by hefty 10% in its home turf. Samsung Galaxy S5 was released in South Korea at the end of March. This price cut definitely showing that the high-end smartphone market is now quite saturated with multiple players.

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.”

Unlocked Samsung Galaxy S5 was priced at $832 (866,800 KRW) in South Korea at the time of lunch.

Another analyst, Lee Min-hee (from IM Investment), assumes that the bill of materials (BoM) for the new S5 is 10 to 15 percent lower than for the Galaxy S4 from last year. With that in mind, maybe we shouldn’t be surprised to see Samsung offering the S5 for less than its initial price.

Samsung is going to lunch Galaxy S5 in rest part of the world on April 11 and there is no update till now if Samsung will cut prices before lunch. In the US, the new S5 will cost $599.99 off contract, and $199.99 with a two-year contract agreement.

There is also a rumor that Samsung will release a new variant of Galaxy S5 with premium material called Galaxy F for who aren’t satisfied with the materials used to manufacture the regular S5.