When all four major U.S. carriers announced launch plans for the Samsung Galaxy Note 4, Sprint stuck out by pricing the phablet at $350. The carrier has come to its senses and has cut the price.

Oct. 17 is shaping up to be a very important day for Samsung, especially in light of its disappointing earnings call. The company will release its next-generation Galaxy Note 4 phablet across the globe and the device is the first in Samsung's successful Galaxy Note smartphone lineup to take on Apple's first entry in the category with its 5.5-inch iPhone 6 Plus.

AT&T, Verizon, Sprint, and T-Mobile have already begun taking preorders for the 5.7-inch phablet. Verizon and AT&T have priced the Galaxy Note 4 at $299 when signing a new 2-year contract, while Sprint decided to make its customers pay a premium and announced it would sell the Galaxy Note 4 for $350 when signing a new 2-year contract.

If you're a Sprint customer interested in the Samsung Galaxy Note 4, you'll be happy to know that Sprint has cut the price of the Samsung Galaxy Note 4. The carrier is now charging $299.99 with new 2-year contract, matching AT&T and Verizon's on-contract pricing.

Sprint is also offering a "double your trade-in promotion when preordering the Samsung Galaxy Note 4.

"For a limited time, trade in your old phone through Sprint Buyback, and Samsung will match its trade-in value up to $200 when you preorder the Note 4. Register with Samsung for your buyback offer after you order your new phone and get your old device's trade-in value from Sprint. ** Subject to verification of eligibility and compliance with the Terms and Conditions."

The Sprint Samsung Galaxy Note 4 features a 5.7-inch 2560 x 1440 Quad HD Super AMOLED display with a pixel density of 515 pixels per inch (ppi). It's running Android 4.4.4 KitKat, is powered by a 2.7-GHz quad-core Qualcomm Snapdragon 805 processor, and has 3 GB of RAM. The phablet includes 32 GB of internal storage and a microSD expansion slot that will support up to 128-GB microSD cards.

The Galaxy Note 4's camera capabilities consist of a 16-megapixel rear camera with OIS (optical image stabilization) and 3.7-megapixel front-facing camera for selfie lovers and video chat. The smartphone also has a fingerprint scanner, heart rate sensor, UV sensor, and a large 3,200 mAh removable battery.

Sprint will release the Samsung Galaxy Note 4 on Oct. 17, along with AT&T, Verizon, and T-Mobile.