Samsung’s plans for the upcoming Galaxy S8 may include cash discounts to lure in customers, according to a recent report from the Korea Herald. The manufacturer is expected to try to capitalize on the fact that many Galaxy Note 7 owners hesitate to comply with directives to return Galaxy Note 7 handsets, despite the known risks associated with the device. Many of those reluctant to give up their Note 7s cite a lack of desirable smartphones on the market.
Samsung’s immediate future remains uncertain since the Galaxy Note 7 was permanently discontinued. The manufacturer is expected to lose more money than was projected from the original recall, and losses could extend at least two quarters. Losses for the fourth quarter could exceed $2.6 billion .
Currently, Samsung’s plans to offer incentives to future Galaxy smartphone buyers are not confirmed. However, the manufacturer is supposedly offering Galaxy Note 7 owners in Korea 30,000 won, or roughly $26, for returning the smartphone. U.S. owners can get a $25 credit from their carrier with the return of a Galaxy Note 7 handset.
The Galaxy S8 may adopt many features of the discontinued smartphone, including its iris scanner. New features may include a dual-lens camera and 4K resolution display. The Galaxy S8 is expected to launch in February and may be available in both slate and phablet sizes.
