Samsung has reduced its smartphone production by 30 million units for 2022, according to a report by the South Korean Maeil Business News.
According to Arabiya Net, the smartphone market is in a very bad situation, after two years of slowing the industry even before the outbreak of the Corona epidemic, it seems that the glory days of expanding markets and updates The semi-annual has come to an end, and the situation has been exacerbated by two years of financial difficulties and supply chain constraints.
The news comes at a time when the conflict in Ukraine has stymied sales. In March, the company caught up with fellow tech giants Microsoft and Apple by suspending sales in Russia.
Samsung was not alone, as its moves came after the slowdown hit its American competitor, Apple. Apple cut its plans to produce iPhones by 20 million units this year, to 220 million phones.
This comes despite the iPhone maker's ability to weather successive industry crises in the past several quarters, but the current situation appears to be a perfect storm for an industry that has been rapidly growing explosive over the past decade.
