Samsung has reportedly decided to cut its phone production by 30 million units this year due to the pandemic crisis. According to SamMobile, Samsung is lowering manufacturing plans across its low-to-mid-range and flagship devices.
Samsung had planned to create 310 million smartphones in 2022 but has now opted to reduce that number to 280 million. The company had set a goal of producing 300 million units by 2022, but it has yet to achieve this goal since 2017.
The worldwide economic situation, however, has lowered demand, and the company must respond, according to the report.
In the wake of the hard economic situation, other corporations are said to have taken similar moves. Apple is also thought to have reduced its smartphone production for 2022. According to reports, Apple is slashing production of the iPhone SE by 20%.