Samsung announced the Galaxy S10 Lite and Galaxy Note 10 Lite on Friday, which it's positioning as being more affordable versions of its flagship smartphones.

Both phones feature triple-lens cameras just like the standard versions of Samsung's Galaxy S10 and Galaxy Note 10, as well as a borderless screen.

The announcement comes after the Galaxy Note 10 Lite had leaked over the past several weeks.

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Samsung launched several versions of its flagship Galaxy S10 and Galaxy Note 10 last year, and now the company has added two new less expensive alternatives to its lineup.

Samsung on Friday announced the Galaxy S10 Lite and Galaxy Note 10 Lite, which the company is positioning as more affordable versions of its flagship smartphones. The phones will be on display at CES next week, but the announcement did not mention specifics around pricing and availability.

Both phones have a 6.7-inch borderless screen and triple-lens cameras with rectangular modules on the back. But the camera sensors differ, however: the Galaxy S10 Lite has a 5-megapixel macro camera, a 48-megapixel wide-angle camera, and a 12-megapixel ultra-wide angle camera, while the Note 10 Lite has a 12-megapixel ultra-wide-angle camera, a 12-megapixel wide-angle camera, and a 12-megapixel telephoto camera. The Note 10 Lite also has an S Pen Stylus just like the regular Note 10.

The announcement comes after the Galaxy Note 10 had leaked several times over the past several weeks, most recently via the Twitter account TechTalkTV.

The launch of Galaxy S10 Lite and Galaxy Note 10 Lite provides another indication that major smartphone makers are altering their product lines to make their high-end smartphones more accessible to consumers. Doing so could potentially be an attempt to prevent global smartphone sales from declining again.

The worldwide smartphone market only just started to recover in the third quarter of 2019 after facing several quarters of declines, according to the International Data Corporation — a trend that occurred as smartphone prices have climbed higher in recent years. In 2019, Google launched a cheaper edition of 2018's Pixel 3 called the Pixel 3a, while Apple lowered the price of its most affordable new iPhone to $700, a $50 price decrease compared to 2018's iPhone XR.

Other major smartphone makers are also expected to release less expensive versions of their flagship smartphones in the coming year. Google is rumored to be working on the Pixel 4a, a less costly alternative to its $800 Pixel 4, while Apple is expected to launch a successor to the $400 iPhone SE it released in 2016.