Samsung may reduce phone production by 30 million units in 2022: Reports

Notably, in the wake of the difficult economic situation, other companies are said to have taken similar moves.

Digital Desk: Due to the pandemic crisis, Samsung has reportedly decided to reduce its phone production by 30 million units.

According to SamMobile, Samsung is lowering manufacturing targets across its low-to-mid-range and flagship devices. The South Korean tech giant has reportedly planned to create 310 million smartphones in 2022 but now opted to reduce that number to 280 million.

The report also stated that the company had set a goal of producing 310 million units by 2022, but it has not achieved this goal since 2017. 

Notably, in the wake of the difficult economic situation, other companies are said to have taken similar moves.

Apple is also reported to have reduced its smartphone production for 2022. According to reports, Apple is slashing production of the iPhone SE by 20%.