Smartphone Sales Are Dismal — and Samsung Just Unveiled a $1,200 Phone

It’s a tough time to be in the smartphone business. Worldwide shipments tumbled throughout 2022 as customers tightened their purse strings amid economic uncertainty and inflation, according to the International Data Corporation. But that hasn’t discouraged Samsung from releasing a new $1,200 (£1,249, AU$1,949) phone at its Samsung Unpacked event on Wednesday. 

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