Samsung's new phones test consumer demand for pricey gadgets
August 6, 2020
Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression.
The latest Galaxy phones, unveiled Wednesday during an online showcase, will cost $1,000 to $1,300. Such prices are have become standard for top-of-the-line phones in recent years. But they might cause sticker shock at a time of double-digit unemployment that could last through at least the end of the year, as the global economy struggles to recover from the coronavirus pandemic.
Samsung is touti...