Back in late March, a report mentioned that the Galaxy S20 lineup was selling less than the Galaxy S10 series. A new report from South Korea now claims that in South Korea alone, sales of the Galaxy S20 series have accounted for only 60% of the sales of the Galaxy S10 series across all major Korean mobile carriers so far. The decline in sales is due to a fall in demand for consumer products due to the ongoing coronavirus pandemic.
While not mentioned, another reason behind the lackluster sales of the Galaxy S20 lineup could be due to their sub-par camera performance despite promising hardware specs, relatively high price, overheating issues with the Exynos variants, and a bunch of other bugs and issues that Samsung is still fixing via software updates.
The Galaxy S20 lineup was announced by Samsung in February and the device went up for sale by early March in most regions, right around the time the coronavirus outbreak started spreading in South Korea and other major countries. The decline in Galaxy S20 sales is expected to lead Samsung to post an operating profit of around 2.5 trillion won ($2 billion) for Q1 2020. The entire smartphone industry is expected to see a decline this year and ship only around 1 billion smartphones, instead of 1.3 billion units as previously estimated by Strategy Analytics.