Invest1 publisher3 min readPublished
Samsung weighs adding roughly the same 145,000 won to all three Galaxy S26 tiers
Carriers expect the base 256GB Galaxy S26 to reach about 1.4 million won from 1.254 million, while Samsung has already put a certified used S26 on sale at 1.06 million just six months into the cycle.
The Investor · Invest desk

What happened
- Samsung is reviewing retail price increases across every model in its premium Galaxy S line, with industry sources telling Seoul Economic Daily the internal question is how much of higher chip costs to pass on.
- Mobile carriers expect the 256GB base S26 at about 1.4 million won against 1.254 million now, the Plus at about 1.6 million from 1.452 million, and the Ultra above 1.94 million from 1.7974 million.
- The Galaxy S24 took 15 months from launch to reach the refurbished market, arriving only after the S25 debuted; the S26 has been on sale for six months.
Compiled by The InvestorSomething wrong?How this is made
Why it matters
- constraint A near-flat won increase lands hardest at the bottom of the range: 11.6% on the base against 7.9% on the Ultra, so the cheapest Galaxy S takes the largest proportional hit to its price distance from mid-range rivals.
- decision If the increase goes through and the certified list holds, Samsung is offering its own buyers a 24.3% reason to trade down, and every certified unit sold at 1.06 million won is a new unit it chose not to sell at 1.4 million.
- exposure The certified base price of 1.06 million won enters India 260,000 won above the 800,000 won ceiling of the band that moved 87% of first-quarter volume, so the cheap option is still priced out of the segment doing the units.
- contradiction The reported 15% discount is measured against today's prices and works out at 12.7% on the Ultra; against post-increase prices it becomes 19.1%, so which price list applies decides how large the discount actually is.
The three prospective increases are nearly identical in won: 146,000 on the base, 148,000 on the Plus and 142,600 on the Ultra [1][2][3]. The spread between them is 5,400 won, across a lineup whose current top-to-bottom price gap is 543,400 won [4][9]. A percentage markup would widen with price; a fixed component bill would not. The same increase therefore costs the base buyer 11.6% and the Ultra buyer 7.9% [1][3].
Seoul Economic Daily's account is sourced to industry officials, one of whom said "Rising semiconductor prices are putting pressure on global smartphone makers, including Apple and Chinese manufacturers, to raise prices" [2]. The same official said "I understand Samsung is conducting an internal review of how much of the higher chip costs to pass on to product prices" [3]. Samsung has not announced a price change, and the report does not say which chips are driving the cost [1].
The S26 has been on sale for six months, so this would reprice a phone already in the market [11]. The certified renewed version of that same phone went on sale in Korea, the UK, France, Germany and India in the same month, timed to the September 9 launch of Apple's iPhone 18 Pro series [7]. Samsung collects the handsets directly, sorts, repairs and reassembles the components, guarantees the quality and resells at a standard it puts as comparable to new [14]. The S24, released in January 2024, took 15 months to reach the refurbished market, and the S25 and the foldable Z Flip 7 and Fold 7 about nine [12][13]; the S26 is running nine months ahead of the S24's pace [8].
India is where the pricing gets awkward. Handsets under $600, about 800,000 won, were 87% of Indian shipments in the first quarter, according to IDC [10]. The certified 256GB base S26 is priced at 1.06 million won, some 260,000 won above that line, and the Ultra at 1.57 million [8][7]. Until this year the program ran in Korea and the United States only [9].
In my view the trade-down gap widens from here. The certified prices are already set and the new prices are still under review, so if the base lands at 1.4 million won the discount on a 1.06 million won certified unit goes from 15.5% to 24.3% [5]. The counter is straightforward: Samsung can lift the certified list alongside the new one and hold the band near 15%, in which case the launch is a channel expansion and no conclusion about average selling prices follows. A third path is that mobile carriers absorb the increase in subsidies and the shelf price the buyer sees barely moves [4].
What would break the reading is a certified price list that moves in step with the new one. The analysts cited by Seoul Economic Daily take the two moves together, as widening consumer options with relatively inexpensive certified pre-owned devices while price increases for new models are under review [15].
What to watch
- A launch-week Korean price list for the S26 lineup would confirm or kill the 1.4 million won base figure that carriers are working from.
- Whether mobile carriers absorb part of any increase through handset subsidies, leaving the price a buyer pays little changed.
- IDC's next India shipment split, which would show whether sub-$600 handsets still hold 87% of that market's volume.