Galaxy S5 value has no longer been slashed in India, clarifies Samsung

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Samsung has moved to disregard experiences that it has formally dropped the fee of its Galaxy S5 smartphone in India to compete with the HTC One (M8).

HTC announced on Monday that the One (M8) can be priced at Rs. forty nine,900 in India. at least one on-line retailer used to be then noticed promoting the Samsung Galaxy S5 at a sub-Rs. forty seven,000 worth level, leading to a flurry of media stories claiming that Samsung had slashed the Galaxy S5 worth to counter the HTC One (M8) launch. alternatively, Samsung has now brushed aside these experiences.

The corporate issued an electronic mail statement on Thursday pronouncing “reviews claiming Samsung Electronics has revised prices of Galaxy S5 are false and baseless” and the Galaxy S5 “remains to be priced at Rs. 51,500.”

It can be value mentioning that companies in India most effective set a maximum retail value as mandated by using the legislation, and dealers – together with on-line outlets – are free to sell under that price, at a cost to their very own margins. it can be clear that some media outlets mistook what was usual worth-slicing by means of 1/3-birthday celebration shops to be an legitimate price drop and ran with the story.

Samsung continues to promote the Galaxy S5 for Rs. fifty one,500 by way of its online retailer and delivered in the remark that “this pricing is in response to robust demand and increasing sales.”

Galaxy S5 price has no longer been slashed in India, clarifies Samsung

Samsung has moved to disregard reviews that it has formally dropped the fee of its Galaxy S5 smartphone in India to compete with the HTC One (M8).

HTC introduced on Monday that the One (M8) will be priced at Rs. forty nine,900 in India. at the least one online retailer was once then noticed promoting the Samsung Galaxy S5 at a sub-Rs. forty seven,000 price point, leading to a flurry of media experiences claiming that Samsung had slashed the Galaxy S5 worth to counter the HTC One (M8) launch. on the other hand, Samsung has now pushed aside these reports.

The corporate issued an email remark on Thursday announcing “stories claiming Samsung Electronics has revised prices of Galaxy S5 are false and baseless” and the Galaxy S5 “is still priced at Rs. 51,500.”

It is worth stating that companies in India most effective set a maximum retail worth as mandated through the law, and sellers – including on-line outlets – are free to sell under that worth, at a cost to their very own margins. it’s clear that some media outlets mistook what was once same old value-chopping by means of 0.33-birthday celebration shops to be an legitimate worth drop and ran with the story.

Samsung continues to sell the Galaxy S5 for Rs. 51,500 via its on-line retailer and introduced in the remark that “this pricing is in line with tough demand and lengthening gross sales.”

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