Cutting Smartphone Production
by 10% This Year
Amid the pandemic crisis, South Korean tech giant, Samsung has reportedly decided to cut its smartphone production by
30 million units
The report mentioned that Samsung is
cutting production targets
across its low to mid-end and flagship models, reports SamMobile.
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.
The company had initially aimed to produce 300 million units in 2022 as it has yet to hit this figure
global economic situation has dented
demand and the company has to react, the report said.
Other companies have reportedly taken similar steps in the face of this
challenging economic environment.
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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