This is actually the same price for display replacement that Samsung Support has provided for the Galaxy S7 edge, a phone which has greater similarities and little differences with the Galaxy Note 7.
A person with direct knowledge of the matter told the news agency that Samsung will re-sell these devices at a lower price. The Samsung phone is somewhat expensive and a majority many people may not afford it. Its major focus, according to the report, is to "maximize its cost efficiency", while maintaining its operating margins above 10 percent. The South Korean smartphone giant is working on a Batman-themed Galaxy Note 7, as leaked images of the phone show.
Samsung too can widen their presence in a country like India through this refurbished program where hardly any buyers can go for high-end devices costing more $800.
But it's a move that makes a lot of sense for Samsung, and which we're sure many United Kingdom customers looking to get their hands on a reduced-price Note 7 would welcome. However other details on the discount, in which market the refurbished devices will be sold out or else anything about the extent of alternation in the used devices is not disclosed yet.
The report doesn't say how much a discount customers will get, or in which markets the refurbished devices will be available. That pricing might give Samsung a competitive advantage in the market for refurbished high-end phones. While, some analysts believe the market will grow due to fewer technology breakthroughs. At U.S. carrier Verizon Communications, the Galaxy S7 edge with 32-gigabyte storage retails for $792 without subsidies, while the Note 7 costs $864.
Budget manufacturers including Micromax, Oppo and Xiaomi have chipped away at Samsung's share of the low-end Android market in recent years.
By selling refurbished devices, Samsung is fend off competitions by Chinese smartphone companies.