How much can consumers realistically expect to pay for the Galaxy S7? An important factor in the decision to purchase any device is price. Obviously, you get what you pay for to a certain extent with any product, and handsets are no different. The budget devices that cost $100 are going to be undeniably outclassed by those that run $600 or higher. Given that the Galaxy S series consists of flagship devices, they typically fall far higher on that pricing scale.
What will effect the final price you pay?
Even within the realm of a certain device, numerous factors go into purchase price. The most notable difference is certainly carrier subsidy pricing, for consumers interested in signing a 2-year contract.
Though it could be argued that the total price is factored into the overall cost of the contract, the upfront cost to a consumer is much easier to stomach when they can make payments for the majority of it.
The other large influence on how much any given device costs is the amount of on-board storage. Samsung frequently offers a variety of storage options, traditionally ranging from 16GB as high as 128GB.
These upgrades do not come cheap, as each increase typically adds something in the ballpark of $50 to the total cost of the phone. From the base storage to the highest available can be the difference of $100 or more.
All options considered, how much can the casual consumer expect to pay for a brand new Samsung Galaxy S7?
Using the Galaxy S6 for comparison, we’ll get the more expensive unlocked options out of the way first. The 32GB unlocked Galaxy S6 retails around $700 from most sources. With two storage upgrades to 128GB of storage, that puts the price at roughly $800. To account for the possibility of inflation, improved technology, and any other external influences, the most well equipped option could possibly be as high as $900, but almost certainly no more than $1000 even for special limited edition models. Again, this is basically the most expensive model of Galaxy S6 available, and essentially any other means of purchase is going to be cheaper.
On the lower end, carrier subsidies can work wonders toward dropping the cost of flagship devices. Samsung, like many other manufacturers, tends to release base level flagships at the $200 price point. Any augmentations to this base level such as the aforementioned storage upgrades increase the price from there. With the 2 storage increases to 128GB of internal memory, that makes a probable cost of $300 for a new Samsung Galaxy S7 with a 2-year contract.
One possibility to be on the lookout for is a leasing option from Samsung. With their intense competition with Apple, anything the Cupertino company announces will likely be met with some sort of comparable response.
At the recent iPhone announcement, Apple introduced a monthly payment plan that allows users to always have the latest and greatest iPhone without any large upfront cost. If Samsung wants to generate buzz about its products and bring in customers willing to lease devices and pay a monthly fee, they could generate a steady revenue stream and open up options for customers who would otherwise be unwilling to pay full price for the latest flagship. Those who do not want to be locked into a 2-year contract or settle for inferior devices may have a way to get what they want without a huge investment.
READ MORE: The Official Galaxy S7 Features and Specs