The Samsung Galaxy S8 is now rumored to be launched before the end of the year as a way for Samsung to recover from the recent Galaxy Note 7 recall.
According to a report from the Korea Herald, analyst Kim Sang-pyo points out that delaying the phone to the first quarter of 2017 will only financial hurt the company.
"If Samsung's flagship smartphone launch is delayed to the end of the first quarter of next year, the profitability of the mobile business division could be worsened next year," the analyst explained and added, "Regardless of the sales resumption, an earlier launch of a new quality flagship model seems to be the most realistic solution to dealing with the current recall crisis."
This is all due to the recent recall issues for the Galaxy Note 7. Faulty batteries in numerous Note 7 devices have caused the phones to spontaneously combust, leading to dangerous explosions. Because of this, the Note 7 has been banned from use within airplanes, and it is widely recommended for consumers to ask for a new device with a properly quality-assured battery.
According to a report from Quartz, the issues of the Galaxy Note 7 have set Samsung back by $26 billion in total value, and the company won't reportedly be able to recover from this immediately. By launching the Samsung Galaxy S8 before the end of the year, however, the company may be able to turn things around.
BGR also points out that leaks have revealed that the S8 currently has two models and are using the internal codenames SM-G950 and SMG-G55, but they are also internally referred to as the Dream and Dream 2. It is notable they are not using the SM-G940 codename given that the number 4 is considered bad luck in South Korea.
Samsung has yet to confirm or deny any of the rumors surrounding a possible early launch for the Galaxy S8.
