Samsung’s reportedly cutting its phone production for 2022
by Mitchell Clark from The Verge - All Posts on (#5ZQHB)
The scale-back seems significant. | Photo by Allison Johnson / The Verge Samsung is reportedly scaling back the number of phones it's planning on producing in 2022, from 310 million to 280 million, according to SamMobile, which cites a report from Korean outlet Maeil Business News. In absolute terms, that's still quite a lot of phones, but it's a relatively sharp decrease from the company's original goal (and from the reported number of phones it and its partners produced last year). It seems that there may be a trend of manufacturers preparing for the economy to get worse before it gets better.
Reportedly, the lowered production targets will affect phones across its lineup, from low-end models to flagships. In a way, cutting the production of its less expensive phones sounds counter-intuitive - wouldn't more...