Monday, 27 June, 2022
HomeTechSamsung could cut phone production by 30 million units in 2022

Samsung could cut phone production by 30 million units in 2022

Text Size:

Seoul [South Korea], May 28 (ANI): Samsung is reported to have reduced the number of phones it plans to produce in 2022 from 310 million to 280 million, citing reports from Korean outlet Maeil Business News.

Although it is quite a large number of phones, but it’s a relatively sharp drop from the company’s initial goal, as well as the number of reported phones produced by the company and its partners last year.

From low-end models to flagships, the lowered production targets will affect phones across its lineup. In a sense, reducing the production of cheap phones sounds counterintuitive. Now, the issues that arise from this are that people might be speculative about buying an apt smartphone for themselves. People in the low-end phone market may not want to buy a new one unless absolutely necessary, as per The Verge.

Samsung isn’t the only one feeling the effects of an ongoing pandemic. To make things worse, the Russian-Ukraine war has hampered sales after the company had stopped shipping to Russia, along with many other companies. Samsung is also fighting the high risk of rising inflation.

Apple is also reportedly expecting relatively flat sales this year as it plans to produce about the same number of phones as in 2021, but it’s likely that it’s working on a fairly large upgrade. (ANI)

This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Most Popular