As a result of supply chain constraints, Samsung has cut its 2022 smartphone shipment target to 260 million units
It was earlier reported that Samsung would ship about 300 million smartphones by 2022. The number of smartphones Samsung plans to ship in 2022 has been reduced, according to reports. According to the report, the South Korean giant planned to produce 334 million handsets this year and ship about 300 million. It is reported that the company has now lowered its phone shipment target for 2022 to 260 million units. The new target is even lower than the 270 million smartphones Samsung shipped in 2021. In 2020, Samsung's phone shipments dipped the most.
Theale reported that South Korea's giant has cut its smartphone shipment target for 2022 to 260 million from 300 million. The decision was reportedly prompted by the lack of demand for phones and a sluggish global economy. According to the report, the company set a target for producing about 334 million phones this year.
According to the report, Samsung shipped 270 million smartphones in 2021. In 2020, the company shipped around 250 million phones due to the pandemic, its biggest drop in shipments. It appears that the new target will fall between the number of units shipped in 2021 and 2020. The South Korean company had reportedly shipped more than 300 million smartphones per year prior to the pandemic.
According to the report, Samsung planned to manufacture 334 million phones this year, including 284 million at its own facilities, and 50 million with its partners in China. Additionally, Samsung plans to produce about 34 million units this year between October and November. It is far fewer than units manufactured in previous quarters this year and in the same quarter in 2021. It was recently reported that Samsung believes the ongoing inflation will not affect smartphone sales in India. In addition, Samsung reportedly anticipates double-digit volume growth in 2013.