Samsung’s phone production is reportedly taking a major hit this year

Samsung's phone production is reportedly taking a major hit this year

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What you need to know

  • A new report out of South Korea says Samsung will cut its phone production by 10% this year.
  • The tech giant is said to be slashing how many phones it plans to produce in 2022 from 310 million units to 280 million.
  • Russia’s invasion of Ukraine and global inflation are thought to be taking their toll on Samsung’s phone production target.

The COVID-19 pandemic and a global chip shortage (opens in new tab) have wreaked havoc on the smartphone market for the better part of the past two years, and things aren’t looking good this year either. According to a new report, Samsung intends to produce fewer phones than it initially planned.

Citing a source in Samsung’s supply chain, South Korea’s business newspaper Maeil Business News reports (opens in new tab) that the tech giant has significantly reduced its smartphone production target for this year (via SamMobile (opens in new tab)). Samsung has reportedly informed its suppliers that it plans to scale back its order volume halfway through 2022, meaning the company intends to ship only 280 million units this year. The source said that’s 30 million short of its initial target of 310 million units.

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