Samsung launches pricey new Note as pandemic shrinks smartphone market

SEOUL : Samsung Electronics Co Ltd unveiled its latest Galaxy Note smartphone on Wednesday hoping to regain ground against rivals Huawei [HWT.UL] and Apple as the smartphone market begins to recover from its COVID-19 slump.

Samsung launched its previous premium model, S20, in February at the start of the pandemic but since then it has ceded its top ranking in the smartphone market to China’s Huawei, as people opt for cheaper models in straitened times.