The company releases the successor of any phone looking towards its sales. And improving its specifications and faults of the previous version.
The same goes with Samsung one of the best-selling smartphones Galaxy S21 launched last year has been left behind by its Successor Galaxy S22. Galaxy S22 the phone released early this year. It has surpassed the sales of the Galaxy S21 and brought up more profit for the company.
During their Q3 2022 earnings call, Samsung stated: “the Galaxy S22 series also maintained good sales momentum, recording significant revenue increase from a year earlier.”
It’s thought that Galaxy S22 may have been sold less than the Galaxy S21. However, the top models of Samsung Galaxy S22- The Galaxy S22 Plus and Galaxy S22 Ultra would have been sold more. There are also possibilities that Samsung Galaxy S22’s high storage and pricey models are being sold more.
It is not just about the Galaxy S22 but the growth has also been seen in the Samsung foldable phones. Every new Galaxy foldable phone is surpassing its previous phones.
Given that the worldwide smartphone market declined by 9% in Q3 2022. According to Canalys but there has been growth in Samsung users and sales.
