The electronics company's decision to cancel $2 billion of its own shares helps it boost the value of its remaining shares.

Samsung Electronics (SSNLF) (GB:SMSN) announced a massive cancelation for ₩3 trillion ($2.1 billion) worth of its shares from circulation,

Samsung is leaning heavily into the trade-in racket as a way of dropping prices for its new smartphones. Virtually any deal the company runs will include wildly high trade-in valuations. It even launched a new standalone trade-in scheme in Korea and France that doesn’t require the purchase of a new device.

While everyone was busy looking at the new iPhone 16E, Samsung Chile accidentally confirmed the existence of the Korean company’s own affordable rival phones. The Galaxy A56, A36, and A26 are all currently listed on an out-of-warranty repairs page,

Samsung is offering £200 for any broken or long-forgotten phones that are gathering dust in your drawers. It's all thanks to a supercharged new trade-in offer when you add the Galaxy S25, S25+, or Galaxy S25 Ultra to your shopping basket on the Samsung online store.