Galaxy FE series could be shelved
As you may recall, the Galaxy Fan Edition smartphone series gained popularity beyond expectations. The Galaxy S20 FE, which was suddenly introduced in September 2020, exceeded the expectations of the South Korean technology giant and reached good sales figures. Then came the Galaxy S21 FE model in January 2021. However, the Galaxy S22 FE model has not yet been released.
New rumors state that the Galaxy FE series will be shelved, but the situation is not very clear in this regard. Yes, it is expected that Samsung will not introduce an FE model in the coming months and all its focus is on the Galaxy S23 series for now. Therefore, this series that Samsung suddenly started can be abruptly eliminated.
The emergence of all these rumors is, of course, based on Samsung’s relatively bad financial year. The company has seen the lowest income level in the last 8 years. Official preliminary information from the company for the fourth quarter of 2022 shows an operating profit dream of 69 percent. Samsung is not solely responsible for this decline, as 2022 has not been good for the global economy. The challenges are expected to continue in 2023. Therefore, we are likely to see such moves from companies.