Problems such as the recent chip crisis, war and pandemic have negatively impacted technology giants around the world. The smartphone industry was also one of those affected. South Korea based company Samsung’s showed the best performance of the past five years in the first quarter of the year; however, we have informed you that the total shipments have decreased.

Now new information has come in about the company, which recently announced that it is investing $355 billion in the chip crisis. Affected by the issues in this news, the tech giant’s smartphone production this year 10% off his plan was revealed.

High inflation and the war between Russia and Ukraine drove the decision

According to a report from South Korea’s media organization Maeil Business News, which is based on a source in the giant company’s supply chain, Samsung is expected to start producing smartphones this year. 10% reduced† The company initially until the end of the year 310 million schedule to send; but this number up to 280 million would have fallen. It was also mentioned that Park Hyung-woo, a senior analyst at investment company Shinhan Investment, plans to cut production by 35% in May and another 10% in the second quarter, compared to the company’s average production of January to April.

According to Maeil Business News, the main reasons for this decline are: high inflation and the Russian invasion of Ukraine† Still, the drop in production to 280 million means the leading company will still produce more phones than the previous year (270 million).

Finally, last Wednesday in the news, apples It was also stated that he could orientate himself on such a decision. Analysts said the company could produce less than its estimated 240 million. It was argued that this could be caused by global causes such as inflation, component shortages, exchange rate volatility and COVID.