Mmastodon BusinessStartups first seen 1 d ago, last 1 d ago, peak #5
Samsung cuts phone production by millions amid profit struggles
Original: Samsung reportedly can’t make a profit on its phones, so it’s cutting production by millions The company would rather se
Samsung is reportedly slashing smartphone production by millions of units because it cannot turn a profit on its handsets at current output. The company has decided it would rather sell fewer phones than manufacture them at a loss. The report has sparked discussion about falling demand, pricing pressure, and what the move means for the broader smartphone market.
Why now: Fresh reports of Samsung cutting production due to unprofitable phones have raised concerns about demand in the smartphone industry.
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