And halved the orders for components
Without a doubt, the COVID-19 coronavirus pandemic affected absolutely all smartphone manufacturers. We still have to understand the scope of this process, when the financial reports of market players, as well as the reports of analysts, will be published.
A terrible blow to Samsung. The company has reduced the production of smartphones by more than half
But something we can observe right now. Reportedly, Samsung has significantly reduced the volume of orders for components for its smartphones. This affected absolutely all the lines of the company, from budget to flagship.
The source says that orders were reduced by 50%, while others indicate more impressive indicators: a decrease in production from 25 to 10 million smartphones per month.
That is, Samsung expects approximately a similar decrease in sales figures, although, of course, you should not directly compare these figures. The source also notes that the decline in orders from Samsung will hit suppliers from South Korea since Samsung is the largest customer of many of them.