Seoul, Nov. 2 -- Samsung Electronics is looking to expand its premium smartphone range with a new Galaxy S27 Pro model, which could help the company attract buyers to higher-priced devices and improve profitability amid rising component costs, according to a news report by The Korea Herald.

Samsung Display is reportedly preparing to begin production of advanced organic light-emitting diode (OLED) panels with built-in privacy technology for the upcoming model this month.

Citing display industry researcher UBI Research, the report said the company is expected to produce around 7 lakh panels in November, ahead of the anticipated launch of the Galaxy S27 series early next year.

The Pro model is expected to join the standard, Plus and Ultra...