Samsung's return to form Galaxy Note 8 phablet was unveiled on Wednesday. While the smartphone looks to win back the trust of consumers following the Galaxy Note 7's fiery demise, it still doesn't come cheap. The Galaxy Note 8 is priced starting around $930 in the US, but Barclays' Mark Moskowitz says Samsung is in a better position to capture the premium smartphone market share with the smartphone than Apple is with its upcoming iPhone.
Barclays analysts have found that less than 1 in 5 potential iPhone buyers, or 18 percent, will opt for an iPhone that's priced over $1,000, 9to5Google reports.Considering past reports that the upcoming tenth anniversary iPhone will cost around $1,000, this may just prove to be a tough fight to conquer for Apple.
on the other hand,Samsung s unlikely to see a slowdown seeing as how its Galaxy S8 flagship smartphones And if Apple does price the iPhone 8 north of $1,000, Samsung may just own the premium market.
Apple is not only threatened from Samsung, but will also have to worry about players like Huawei, Oppo, and Vivo, as consumers are moving towards the mid-range market as these companies start offering near premium specs at a lower price point.