Samsung reportedly reduced the number of phones by 30 million by 2022.
Highlights:
- Samsung Production targets will affect phones throughout its system, from low-end models to flagship.
- Apple is also cut smartphone production for 2022 by cutting the production of the iPhone SE 2O percent.
Samsung has reportedly reduced the number of phones by 30 million by 2022 from 310 million to 280 million. The company originally aimed to produce 300 million cell phones by 2022.
Overall, that's still a lot of phones, but a sharp decline compared to the company's original goal. Due to the global economic situation, Samsung is not the only one to feel the effects of the relentless epidemic, the Russia / Ukraine war that led to the company, and many others, cut off shipments to Russia.
Samsung is not the only major smartphone company going up this year. Reports say Apple has also reduced production of its iPhone SE by 20 percent.