Samsung Reportedly Cutting Smartphone Production by 10% This Year

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Amid the pandemic crisis, South Korean tech giant, Samsung has reportedly decided to cut its smartphone production by 30 million units this year.

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The report mentioned that Samsung is cutting production targets across its low to mid-end and flagship models, reports SamMobile.

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Samsung was reportedly going to produce 310 million units of smartphones in 2022 but it has now decided to cut that back to 280 million units.

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The company had initially aimed to produce 300 million units in 2022 as it has yet to hit this figure after 2017.

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However, the global economic situation has dented demand and the company has to react, the report said.

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Other companies have reportedly taken similar steps in the face of this challenging economic environment.

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Apple is believed to have cut its smartphone production for 2022 as well. The company is reportedly cutting production of the iPhone SE by 20 percent.

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