Galaxy Note 8 may fetch $962 in South Korea

Samsung Electronics Co.'s Galaxy Note 8 is expected to come with a price tag of $962 here, industry sources said Monday, hovering above that of the device's predecessor.

According to the sources, the 64 GB Galaxy Note 8 is expected to come with a factory price of $962 here, while that of the 256-GB edition is expected to be priced at $1,106. The ill-fated Galaxy Note 7 with a 64GB capacity came with a tag of $875.81.
Samsung Electronics said it has not finalized the price, saying the price tag will be revealed on Thursday, Yonhap News Agency.
Koh Dong-jin, president of Samsung Electronics' mobile business, said earlier it will be "extremely difficult" to keep the price lower than $884.84 in South Korea, expressing an apology for his earlier statement.
Shortly after the showcase of the Galaxy Note 8 last month, Koh had said he wanted to keep the price lower than the psychologically significant level.
LG Electronics Inc.'s new phablet, the LG V30, is expected to come with a price tag of $749.99 in the United States.
No details of the South Korean price have been revealed so far, although industry watchers expect the tag to be higher than $796.
Pre-orders for the Galaxy Note 8 will kick off on Thursday, providing the devices to early adopters on September 15.
The official release for the Galaxy Note 8 is slated for September 21.
LG Electronics Inc. also plans to start official sales of its new phablet the same day.

Source:BNA