OUR Samsung was the smartphone maker that sold the most smartphones last year, but the company could lose that title in 2022. Published new information Daily economic newspaper Maeil claim that the company will cut production this yearone of the reasons for which is the growing inflation and shortage of chips around the world.

According to the portal, stop producing up to 30 million smartphones and has already notified some partners of these cuts. The company had expected to produce 310 million units this year, but now the company’s expectations have dropped to 280 million cell phones produced.

Supposed root cause Samsung stop producing more devices is a constant increase in inflation in some markets, which ultimately has a big impact on consumer spending on new products. This is also due to the lack of chips and components worldwide, as this has affected several areas of technology and limited production capacity.

Credits: Samsung Disclosure

The invasion of Ukraine also bears some of the blame for the decision of the South Korean giant, because there is still a lot of uncertainty about the solution, as well as about future economic problems that could hit the market.

This is a revelation about the future of home appliances Galaxy comes shortly after Bloomberg, via 9to5googleinform that Apple also forecast lower-than-expected output in 2022. The portal indicated that the Cupertino giant 220 million iPhones are expected to be produced this year.less than the expected 240 million.

The fall in the number of factories of the two giants may bring news to the smartphone market. It’s because Samsung currently the world leader in cell phone sales, accounting for 24% of the global market, with shipments falling this year, other companies will be able to close the gap with the South Korean company.

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Source: Maeil Economic Daily, 9to5Google.