Samsung hints that it won’t release the Galaxy Note series this year

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Samsung announced today that it may not be releasing the Galaxy Note series this year. So the many rumors that the popular phone line was being shelved were only partially correct.

At an annual shareholder meeting in South Korea, Samsung co-CEO DJ Koh said that to streamline its portfolio, the company is considering skipping the launch of a new phone Note:

The Note series is positioned as a high-end model in our portfolio of activities. It might be a burden to unveil two flagship models in a year, so it might be difficult to release the Note model in 2H. The timing of the Note model launch can be changed but we are looking to release a Note model next year.

Koh also noted that there is a serious imbalance between supply and demand for chips around the world, which could delay products. The COVID-19 pandemic has caused blockages in the schedules of chipmaking companies trying to fill orders from multiple industries ranging from cars to smartphones.

Although Samsung has not directly indicated that the chip shortage is one of the reasons for skipping the Note line this year, but it could be a major factor in the final decision. Koh gave Note fans a silver lining by saying the company may delay the launch to release one, but the odds are slim.