I like how the article does not mention Samsung on the title even once.
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I experienced something similar with a GPU when coin mining made the prices explode.
But I knew they would do that, because the law here is not designed for prices to suddenly explode out of proportion.
So you are only refunded the original price of purchase, which would normally be fine.
This resulted in me using a low end GPU (unsuitable for mining) for almost a year, because I refused to pay the inflated prices for a proper GPU.
I'm sorry to say, but I doubt Louis Rossmann can win this case, because it is not generally feasible to make the law so the customer can demand a replacement, because a replacement isn't always possible, which is why the seller can fulfill obligations with a refund of the price paid.
If new products had come out at lower prices, a refund is normally a great deal for the customer. But currently in this case it is not.