The device has an RRP of US$1299.00, senior analyst Ethan Qi said, adding that the component cost was about US$468.
"Samsung has done an excellent job in designing, manufacturing and integrating multiple advanced technologies and components in a very thin and light form-factor compared to the previous generation flagship models, and with a competitive BoM cost structure," said Qi.
"The total BoM cost achievement is slightly under US$550 with the component cost making up around US$468, which is a commendable for a device with a list price of $1299.”
“This mmWave version of the Note 20 Ultra 5G builds on Qualcomm’s reference design featuring the most advanced 5G SoC, the Snapdragon 865+, and the Snapdragon X55 5G Modem-RF System," Qi said.
"The mmWave variant costs roughly 10% more than the sub-6 GHz variant in terms of total component costs. The device also features one of the most advanced camera sensors in a nicely integrated three-sensor module.
"Unlike the Galaxy S20 Ultra 5G, the Galaxy Note 20 Ultra 5G features a lower resolution telephoto lens, omitting the DepthVision sensor, and adding a laser auto-focus module optimised for faster focusing. Samsung CIS camera sensors have come a long way and compete fiercely with Sony for design wins.”
Counterpoint Research director Tom Kang said Samsung, with its multiple SKU strategy, had a varied level of dependence on vertically integrated internal suppliers and external suppliers.
"This requires sophisticated system integration," he said. "For example, with the mmWave Qualcomm variant of the Galaxy Note 20 Ultra 5G, Samsung contributes to roughly half of the costs of the total components, whereas, for the Exynos variant, Samsung’s share goes up to almost 70%.
"It is impressive to see Qualcomm’s share in a Samsung flagship exceed 40%, as it offers a fully-optimised system-level solution from SoC to the modem, RF and antenna system.
"Other important component design wins include NXP which combines UWB, Secure Element, NFC, and eSIM in a single solution. Other notable contributors include Qorvo, Largan Precision, Corning, and others."