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Samsung has officially refuted reports of the company slashing price of its latest flagship smartphone, the Galaxy S5. Calling the reports 'false' and 'baseless', Samsung says the market price of the Galaxy S5 has not been slashed by the company. Here's the official statement from Samsung: “Samsung Electronics’ flagship smartphone, which was launched in March 2014, continues to be priced at Rs. 51,500. Galaxy Gear 2 is priced at Rs. 21,900 and both Galaxy Gear 2 Neo and Galaxy Gear Fit are priced at Rs. 15,900 each. This pricing is based on robust demand and increasing sales. The company further added that reports claiming Samsung Electronics has revised prices of Galaxy S5 are false and baseless. Galaxy S5 was made available in India through Samsung’s retail stores and online sites starting April 11, 2014." Recently, there were media reports that Samsung had revised the price of its Galaxy S5in the wake of HTC launching its flagship smartphone, One M8. While the official Samsung e-store shows the original Rs. 51,500 price tag, e-commerce sites such as Flipkart and Snapdeal have the listed the smartphone with the slashed price, at Rs. 46,400. Moreover, the e-commerce had the “white model” at the new price. Currently, Flipkartand Snapdealare selling the white model of the Galaxy S5 at Rs. 48,619 and Rs. 49,000 respectively. The S5 price shoots on flipkart from Rs. 46,400 to Rs. 48,619 While it's clear that the e-commerce sites are selling the Galaxy S5 at relatively lower price, Samsung's stance on the issue indicates it does not want an impression that its new flagship is not doing well, leading to early price cuts. Do you think Samsung should officially cut the price of its flagship smartphone? Let us know your views in the comments section below.