Order the Samsung Galaxy S23 Ultra now!
Samsung is looking to rebound from a tough 2022. Last year, its operating profit in the manufacturer’s mobile and networks business declined 16% on a year-over-year basis. But overall demand is growing for premium smartphones which are priced at $800 and up. These high-end phones accounted for 18% of the revenue generated by the total smartphone market last year up from 11% in 2020 according to data from Canalys.
The Samsung executive says that based on the numbers, which show that the Galaxy S23 Ultra is the most popular model in the line, there are still people “who want the best of the best.”