Samsung cuts smartphone component orders by 50% due to COVID-19

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It’s evident that the COVID-19 outbreak has a great impact on the smartphone industry and all OEMs are faced with a challenge to navigate through these uncertain times. According to the latest report, Samsung is doing the latter by limiting its component orders by half.
Samsung cuts its hardware supply for its smartphones by 50% due to COVID-19
There has been a report recently stating that Samsung is now making about 10 million smartphones a month, down from 25 million and the latest claim by people familiar with the matter goes in line with the current news.

But cutting 50% of its orders is an indication that the company doesn’t expect the market to bounce back anytime soon. The order cuts affect all smartphone lines – from the entry level to the high end.

Source (in Korean)

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