Rising components cost and declining profits call for an increase in the price of the Galaxy S23, but this could divert demand to the iPhone 14.
. Another report said that the sales of flagship Samsung smartphones have been sluggish this year, with the mid-tier Galaxy A lineup accounting for most sales. This has impacted profitability and could compel Samsung to hike the price of the Galaxy S23 range. says that even though Samsung's mobile unit's revenue increased by 13.3 percent in the third quarter year-on-year, the operating profit declined by around 3.6 percent.
Fourth-quarter financial results are also expected to fall short of last year, primarily because any increase in sales of premium phones was offset by rising component costs, and low-end phones aren't that profitable.
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