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Earlier this year Samsung said it is skipping a Note generation but will introduce new smartphones from the family next year. However, the latest report coming straight from South Korea suggests otherwise.

It appears that Samsung has completely removed the Note series from its product planning for 2022 and the main reason behind this is the foldables. And it makes sense when you look at the stats. The Galaxy Note10 and Note20 lineups got about 12.7 and 9.7 million orders in 2019 and 2020, respectively while the Galaxy Z Fold targets alone go up to 13
So if Samsung is seeing an uptrend in foldable phone orders and decreasing Note sales, it's only logical to replace the Note with Flip and Fold.
Additionally, the report says Samsung is stopping the Galaxy Note20 and Note20 Ultra production in 2022, but that's to be expected given that those two models have been released more than a year ago.
Source (in Korean)
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