Samsung Reportedly Cuts Down Smartphone Production by 30 Million Units
Samsung is cutting down production across all of its smartphone lineup by a total of 30 million units, as reported by South Korean news outlet MK. According to the report, Samsung initially plans to produce 310 million units of smartphones but has reduced that figure to 280 million.
The cut down is most probably due to a few factors. One is the chip and component shortage issue that has been going on for some time. The war between Ukraine and Russia also impacts the global supply chain and the rising inflation causes consumers to spend less than before.