Financial experts around the world are predicting a global economic recession and it appears that the smartphone market is already preparing for the drop in demand following the peak of sales reached during the pandemic. A proof of this trend comes today from Samsung which seems to have downsized its smartphone production.
Samsung downsizes smartphone production in Vietnam:
According to Reuters, the South Korean giant has reduced the production of smartphones in the Thai Nguyen plant in Vietnam which normally produces 100 million smartphones every year and which together with the other Vietnamese production site contributes to churning out half of the annual smartphone production. Samsung.
According to reports from various workers of the Vietnamese plant interviewed by Reuters, some production lines are currently operating only for three or four days a week and no longer six days as before.
Almost all the workers in Vietnam interviewed say that the situation is currently very different from last year, when smartphone production was at its peak, and they fear that the company may decide to reduce staff.
Reuters says it doesn't know if Samsung is moving some production outside of Vietnam, for example to India or South Korea, but the hunch is that the company expects a sizable drop in smartphone sales in the second half of 2022.
Written by Matteo with love from Italy
According to Reuters, the South Korean giant has reduced the production of smartphones in the Thai Nguyen plant in Vietnam which normally produces 100 million smartphones every year and which together with the other Vietnamese production site contributes to churning out half of the annual smartphone production. Samsung.
According to reports from various workers of the Vietnamese plant interviewed by Reuters, some production lines are currently operating only for three or four days a week and no longer six days as before.
Almost all the workers in Vietnam interviewed say that the situation is currently very different from last year, when smartphone production was at its peak, and they fear that the company may decide to reduce staff.
Reuters says it doesn't know if Samsung is moving some production outside of Vietnam, for example to India or South Korea, but the hunch is that the company expects a sizable drop in smartphone sales in the second half of 2022.
Written by Matteo with love from Italy
RSS Feed