Samsung Galaxy Note 5
Samsung Galaxy Note 5Reuters

Samsung has slashed the price of its 2016 flagship Galaxy Note 5 smartphone in India, amid reports hinting at an early launch of its successor, the Galaxy Note 6. Buyers might find this news quite appealing, considering the Galaxy Note series is usually not a part of Samsung's frequent and liberal price cuts.

Samsung Galaxy Note 5's price in India has been reduced by Rs. 5,000 for both the 32GB and 64GB variants. The Galaxy Note 5 32GB edition can be bought for Rs. 42,900 instead of Rs. 47,900, and the 64GB model is available for Rs. 48,900, which was earlier listed for Rs. 53,900 on Samsung's official eStore.

Samsung had launched the Galaxy Note 5 in India last September with a price tag of Rs. 53,900. The phablet's price has dropped Rs. 11,000 in the last eight months. As for its companion, the Galaxy S6 edge+, which was launched at the same time for Rs. 57,900, is selling for Rs. 53,900.

Samsung Galaxy Note 5's officially reduced price on the official eStore is the best one can get. It is cheaper than most online retailers such as Flipkart, Snapdeal and Amazon India.

The news of the Galaxy Note 5's price cut indicates the company is preparing to launch the Galaxy Note 6 early this year. It is a traditional move for companies to slash the prices of their current smartphones when a new model is in the pipeline. This also helps them clear the existing stock and make room for new inventory.

Rumours are rife that Samsung might launch the Galaxy Note 6 in July or August this year, after it changed its launch timeline from September to August last year. There hasn't been much to go on about the Galaxy Note 6 specs and features, but rumours suggest a 5.8-inch Quad HD display, a 12-megapixel rear camera with Super OIS Plus, 64GB/128GB of storage and a massive 6GB RAM to be included in the device.

Samsung Galaxy Note 6 is also expected to run Google's latest Android N software, which will be showcased at the upcoming I/O conference in May. Details of the Galaxy Note 6's price and other specifications such as front camera, battery and design are still a mystery.