Samsung could release an affordable version of its Galaxy Note 3 phablet early next year with the device reportedly entering production soon.
Korean news site etnews reports that the Samsung Galaxy Note 3 Lite will have a set of entry-level specs that include an LCD screen that is the same size as its sibling and Samsung hopes to tap into a new sector by selling the device.
Samsung plans to produce 500,000 of the units in January with another 1.5 million to be produced in February and it suggests the device will be released at some point in the early months of 2014.
The reason that Samsung hasn’t already released or produced the device is due to worries it could cannibalise sales of the Galaxy Note 3, according to Pocket-lint, which has only been available at retailers since September.
It’s expected the Galaxy Note 3 Lite will be targeted at emerging markets around the globe and the firm thinks that it will be account for 30 per cent of the total sales for the entire Galaxy Note 3 series sales.
Rumours of a downgraded version of the Galaxy Note 3 first emerged before the device had even been released with the same LCD screen mentioned above as well as a less powerful 8-megapixel camera. It was reported that the lesser features would result in a drop of 30 per cent in production costs.
The original Galaxy Note 3 was unveiled alongside the Galaxy Gear smartwatch at IFA 2013 in Berlin in September and was the first Samsung device that could be paired with the company’s first piece of wearable technology.
Samsung is currently way out in front when it comes to smartphone shipments on a worldwide basis and in Q3 2013 it accounted for 81.2 million unit shipments – more than Apple, Huawei, Lenovo, and LG combined.