High demand for the Galaxy Note 4 in Samsung's home country has completely exhausted preorder supplies for all major carriers (SK Telecom, KT, LG Uplus), and has helped reinvigorate a domestic smartphone distribution market that has been dormant of late.
For SK Telecom, Korea's biggest network carrier with 50.3 percent market share, preorder units sold out in 9 hours, while it took just three days for KT and LG Uplus to sell all of their preorder supply. All three carriers had set a limited preorder time span, from September 18 to September 25.
Samsung has also expedited the official launch dates of the Galaxy Note 4, deciding to hold a press conference on September 24 and launch on September 26. Many industry analysts have speculated that Samsung is hurrying for early entry in response to Apple's iPhone 6 and Watch, which garnered significant attention when it was unveiled earlier this month.
The Samsung Galaxy Note 4 is the company's latest phablet. Announced earlier this month at the IFA tradeshow in Berlin, the Note 4 brings about a new metal frame design while still packing in a stylus. It comes with a 5.7-inch Quad HD display with a super-sharp resolution of 2,560x1,440-pixels and a 16-megapixel rear camera. The Korean version of the Note 4 packs an Exynos 5433 octa-core processor, unlike the global version, which comes with a quad-core Snapdragon 805.
The Galaxy Note 4 has been marked with a list price of 957,000 Korean Won or $920. This price point is actually the lowest ever for any of the Galaxy Note iterations. Last year's Galaxy Note 3 cost 1,067,000 million won or $1,025 at the time of launch.
Korea's smartphone distribution market will likely see a substantial jump in sales with the launch of the Galaxy Note 4 and iPhone 6, a sigh of relief for Korean network carriers and retailers. Phone sales had been dropping consistently for the past year, in large part because of changes in enforced by the government.