• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechSamsung

Samsung tests the health of the global phone market with expensive new devices

By
Aaron Pressman
Aaron Pressman
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
Down Arrow Button Icon
August 5, 2020, 10:00 AM ET

Samsung released several new high-end 5G mobile devices on Wednesday, even as the global phone market has been hit hard by the coronavirus pandemic.

The new Galaxy Note 20 comes with a 6.7-inch screen, connects to super-fast 5G wireless networks, and starts at $1,000. A larger version with a 6.9-inch screen, dubbed the Note 20 Ultra, starts at $1,300. Like prior models of the Note, the new devices include a stylus that slips into the case.

The phones will be available for preorder starting on Friday and go on sale Aug. 21. Perhaps in a nod to the economic reality of the times, Samsung is offering a slight discount of $100 and $150, respectively, on preorders of the Note 20 and Note 20 Ultra and a trade-in offer of up to $650 for customers who trade in a recent device.

Also on Wednesday, Samsung introduced its first 5G-compatible tablets, the Galaxy Tab S7 with an 11-inch screen for $650 and the 12.4-inch Galaxy Tab S7+ priced at $850.

The global smartphone market was crushed by the COVID-19 pandemic, with sales dropping 25% in the second quarter from a year ago, according to market tracker Counterpoint Research. Sales of Samsung’s flagship S20 phone line, introduced in February, trailed sales of the company’s 2019 flagship. But many countries are recovering from the virus and reopening their economies, so sales of the new Note 20 may indicate the strength of the phone market. Still, Samsung is forgoing Apple’s successful strategy of releasing a highly-capable low-end phone like the iPhone SE for $400.

The addition of 5G, which allows downloads at 10 to 100 times the speed of an average 4G LTE connection, to the Note 20 comes even as the U.S. carriers are still working to build reliable and widespread 5G networks. AT&T and T-Mobile currently offer a type of 5G that is not much faster than 4G in most of the country. And Verizon has rolled out a super-fast version of the technology that is available to only 0.4% of people in the U.S. according to one recent study.

The Note 20 and Note 20 Ultra also have screens that refresh at 120 Hz, twice the rate of typical phones, meaning video and graphics appear smoother. Both phones have a single front-facing camera and three cameras on the back. The zoom lens on the Note 20 can magnify an image 3X optically while the Note 20 Ultra has a 5X zoom.

Samsung also rolled out several other updated gadgets on Wednesday. The Galaxy Watch 3 comes in two sizes and starts at $400. A version with 4G connectivity starts at $450. New earbuds called the Galaxy Buds Live include active noise cancellation and cost $170.

About the Author
By Aaron Pressman
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Personal Finance
Janet Yellen warns the $38 trillion national debt is testing a red line economists have feared for decades
By Eva RoytburgJanuary 5, 2026
2 days ago
placeholder alt text
Success
Blackstone exec says elite Ivy League degrees aren’t good enough—new analysts need to 'work harder' and be nice 
By Ashley LutzJanuary 5, 2026
2 days ago
placeholder alt text
Economy
Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this
By Nick LichtenbergJanuary 6, 2026
20 hours ago
placeholder alt text
AI
Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20% longer
By Sasha RogelbergJanuary 5, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, January 5, 2026
By Joseph HostetlerJanuary 5, 2026
2 days ago
placeholder alt text
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloJanuary 6, 2026
18 hours ago

Latest in Tech

NewslettersTerm Sheet
Crystal Ball: Where venture capital and private equity are headed in 2026
By Allie GarfinkleJanuary 7, 2026
13 minutes ago
A visual illustration of the digital twin of Commonwealth Fusion Systems’ fusion demonstration machine SPARC. In collaboration with Siemens and Nvidia, the digital twin of SPARC was unveiled at CES 2026 in Las Vegas.
InnovationFusion
Fusion power nearly ready for prime time as Commonwealth builds first pilot for limitless, clean energy with AI help from Siemens, Nvidia
By Jordan BlumJanuary 7, 2026
36 minutes ago
Photo: Sergey Brin
InvestingTech
Tech companies may only get half the profit they need to justify AI investment, Goldman analyst warns
By Jim EdwardsJanuary 7, 2026
58 minutes ago
Meta CEO Mark Zuckerberg in Menlo Park, California on Sept. 17, 2025. (Photo: David Paul Morris/Bloomberg/Getty Images)
NewslettersFortune Tech
Meta delays Ray-Ban Display global rollout
By Andrew NuscaJanuary 7, 2026
3 hours ago
AIRecruiting
To ease recruiters’ fears of being replaced by AI, Zillow experimented with ‘prompt-a-thons.’ Now the real estate giant has 6 new recruitment tools
By Paige McGlauflin and HR BrewJanuary 6, 2026
15 hours ago
zhan, deepak
AIRobotics
Robots are really advancing because they’re learning to think for themselves—and they’re close to figuring out door handles, execs say
By Nick LichtenbergJanuary 6, 2026
16 hours ago