Samsung Electronics is having a hard time setting prices for its newly showcased phablet Galaxy Note 8 as the South Korean government is pushing to cut down telecom costs, industry sources said on Monday.
Last week Samsung showcased the 6.3-inch Galaxy Note 8 with a dual-camera and improved stylus features.
Pre-orders are expected to start September 7 in Seoul, with the official release slated for September 15.
Industry watchers earlier expected the local price tag will hover above 1 million won ($892), Yonhap news agency reported.
The price of the 64GB Galaxy Note 8 in the US, already available for preorder, stands at $929. The price is even higher in European countries, industry sources were quoted as saying.
The Galaxy S8+ launched earlier this year came with a price tag of 990,000 won. Industry watchers said a lower price of the Galaxy Note 8 will adversely impact the sales of the Galaxy S8 models.
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The new South Korean government is also pushing to cut telecom costs for households, giving smaller leeway to local tech giants to release pricy smartphones.
--IANS
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