Samsung has been reported to be cutting production of smartphones by 30 million

Samsung has been reported to be cutting production of smartphones by 30 million

Samsung has been reported to be cutting production of smartphones by 30 million

There is a lot of trouble in the world of smartphones. The industry was set towards a slowdown before SARS-CoV-2 was introduced. The days of growing markets and bi-annual updates seem to be coming to an end and the situation has been made worse due to two consecutive years of economic difficulties and supply chain issues.

In light of all the reasons that are listed, it’s no surprise that companies are pulling back from production. Recent research by the South Korean newspaper Maeil Business News has the world’s top smartphone maker reducing production to 30 million units in 2022. This news comes at a time when sales continue to be hampered by the war in Ukraine. The company in March reacted to similar technology majors Microsoft and Apple in stopping the sales of its products within Russia.

Apple has, too, been suffering from the loss. The most recent Bloomberg reports stated it was reported that the iPhone maker has halted plans to make 20 million more phones in 2022. Instead, the numbers are likely to stay flat through 2021. These reports come after some years of iPhone sales that managed to defy most of the macro trends, however, the company could be heading back to Earth even with the coming of iPhone 14. iPhone 14.

It’s an ideal storm of industry and global forces that have led us to where we are today. This isn’t a time for panic for the largest manufacturers they’ll most likely be able to come out without injury. However, there are bigger concerns that still remain regarding the business going forward. The most important is whether this is simply a slowdown after a decade of record-breaking smartphone sales, or if the emergence of innovative technologies like folding screens can kick-start an era of the old mobile era.

Samsung did not respond to the reports.

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