Samsung cuts down on smartphone production

Samsung, one of the world's largest smartphone manufacturers, is reducing its production for 2022. The reason for the decrease in production is shown as the economic problems brought about by COVID and the Russia-Ukraine War.
 Samsung cuts down on smartphone production
READING NOW Samsung cuts down on smartphone production

Samsung, one of the world’s largest smartphone manufacturers, produces many smartphones from low-end to experimental high-end devices. Samsung, which has a large market share, is reducing its smartphone production due to global economic problems.

Samsung reduced its production plan for 2022 by 30 million

Sammobile, known for its sources close to Samsung, reported that Samsung will reduce the production of smartphones for 2022. The company had planned to produce 310 million phones in 2022, but changed its plan and reduced that number to 280 million. According to the information received, Samsung will reduce the production of phones in all categories, including high-end and low-end.

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It states that global economic problems played a role in Samsung’s decision. Supply chain problems caused by COVID-19, the war between Russia and Ukraine have affected companies globally. It was stated that Apple reduced iPhone SE sales by 20% with a similar move. It seems that the increase in inflation and the weakening of purchasing power globally have pushed Samsung to produce fewer smartphones. Samsung has not produced 300 million smartphones since 2017, and Samsung, which wanted to reach this number again this year, unfortunately had to cancel this plan.

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