Samsung is likely to reduce the production level of its phones by 30 million units
According to a new report from a reliable news publication in South Korea, Samsung will reduce its smartphone production to 30 million units in 2022. The three factors that have reduced production are rising inflation that has driven up consumer spending, ongoing parts shortages and the Ukraine crisis. The South Korean tech giant is expected to cut smartphone production across all price groups from low-end devices to flagships.
According to GSMArena, Samsung originally planned to produce 310 million smartphones in 2022, but the latest developments forced the Korean company to reduce its target to 280 million units. to give Despite record-breaking first-quarter revenues and sales of 73.7 million smartphones worldwide, the company now has to adjust its targets.
- The battery capacity of the Galaxy Buds Pro 2 charging case increases to 500 mAh
- Samsung will soon stop selling budget phones in India
Other major companies like Apple is also according to reducing the amount of their production. For example, the company based in Cupertino plans to Reduce iPhone SE production by 20%.