Last week, Samsung published its financial results for the third quarter of this year. In a press statement, the Korean tech giant indicated that the global smartphone market will be weak in the near future. This situation does not seem to improve significantly next year, so the company has lowered its delivery target.
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According to the new news of the Korean website NAVER cited by the server SamMobile Samsung has set a goal of delivering 2023 million smartphones to the global market by 270. That's down from its usual target of roughly 300 million units, which is about a quarter of all smartphone shipments. Samsung delivered the most smartphones in 2017, with 320 million. As for this year, it could ship around 260 million smartphones.
The report also claims that the Korean giant has decided to increase the share of flexible phones in its shipments. It is said that next year it wants to deliver over 60 million series devices to the global market Galaxy With a Galaxy Z.
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That Samsung has reportedly set a lower smartphone shipment target for next year would certainly make sense. Inflation is crippling the global economy and geopolitical tension is added to it. In addition, the global economy is experiencing a recession, so Samsung is trying to improve its profitability.
