What They Say
The Elec reports that Samsung has as many as 50 million smartphones in distributor stocks with much of the inventory in the mid-tier Galaxy A series. That would represent 18% of the company’s expected 2022 sales of around 270 million (or 9.36 weeks equivalent). The report said that manufacturing dropped from around 20 million per month in January and February, dropping to 10 million by May. Samsung is said to have reduced orders by 30% to 70% in April and May.
What We Think
This is not an easy year for anyone in the electronic device business. (BR)
