Samsung may cut smartphone production by 30M units

According to a new report from a reputable South Korean news publication, Samsung will produce 30 million fewer smartphones in 2022. The three main factors for the production decline are rising inflation and subsequent consumer spending, the ongoing component shortage and the war in Ukraine. Samsung is expected to adjust production for all price brackets of devices from entry-level to flagships.

Samsung may cut smartphone production by 30m units

Samsung initially planned to manufacture 310 million smartphones for 2022 but the latest developments have forced the Korean tech conglomerate to dial back its goal to 280 million units. Despite record-breaking Q1 revenues and an estimated 73.7 million smartphone shipments globally, Samsung will have to adjust its goals. Other big players like Apple are also reportedly cutting down production with Cupertino looking to make 20% fewer iPhone SE units.

Source (in Korean)

Read More

Leave a Reply

Your email address will not be published.

You May Also Like

Canalys: Xiaomi leads Indian smartphone sales in Q1, Realme gained the most

The global supply constraints hit India in Q1 2022, Canalys…

Amazon Hobby Store Sale: Discount Offers On Headphones, Speakers, Camera, Home Theaters, And More

    Amazon is a one-stop store for all kinds of things.…

AMD unveils 6nm Ryzen Pro 6000 for business laptops

Today, AMD detailed its Ryzen Pro 6000 chips, which will…

2024 iPhones will have UD selfie camera and Face ID, analyst predicts

We aren’t there yet when it comes to under-display cameras.…