According to a new report, the LG V30 will be cheaper than the Samsung Galaxy Note 8, and it could be the budget-friendly flagship of 2017.

This seems to be the South Korean brand's attempt to revitalize its comparatively slow smartphone business, hoping to turn the tide and gain a more prominent position in the competition.

LG V30 Price Will Be Lower Than The Galaxy Note 8's

The Galaxy Note 8 is the priciest among the Galaxy smartphones at $929.99. However, the price hasn't deterred fans from swooping in on it. The next best thing in Samsung's arsenal is either the $724.99 Galaxy S8 or $824.99 Galaxy S8 Plus.

Meanwhile, AsiaToday reports that the LG V30 will tag the 64 GB model with a 949,300 won (about $839) price tag and the 128 GB model with 998,000 won (about $881), which are lower than what industry sources anticipated. In comparison, Samsung and Apple devices cost more than 1 million won (about $884).

To put things into perspective, the LG V30 will be roughly $90 less than the Galaxy Note 8 and cost almost the same as a Galaxy S8 Plus.

LG V30 vs Galaxy Note 8

One arguable downside to the Galaxy Note 8 is the Bixby button, which Samsung has been shoving down users' throats, so to speak, since the Galaxy S8.

More than that, its facial recognition lock is easily deceivable with 2D photos, but Samsung says it's not supposed to be a security feature, even though the phone itself touts it as one. In other words, it's just a convenient way to unlock it.

On the other hand, the LG V30 has its fair share of issues as well. LG boasts to "elevate smartphone camera to new heights" and "bring (PDF) professional video capabilities to the masses" with the phone, but the thing is, it has been reportedly shortchanging users by not delivering its promise of taking pictures with an f/1.6 aperture.

Across the board, the two are pretty much the same: Snapdragon 835 under the hood, a 3,300 mAh battery pack, and an IP68 certification for dust and water resistance, to name a few.

It should be mentioned that the Galaxy Note 8 does win on some points, from the slightly higher 1,440 x 2,960 resolution and 6 GB of RAM to the S Pen.

At any rate, what the report tells us is that LG hopes to shake up the competition with a cost-effective flagship that's a bang for the buck.

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