Order the King of Android! Get your Galaxy S25 Ultra today! Follow us on Google news!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
Notifications

Samsung halts component orders amid fears of oversupply and global inflation

Business
By 

Last updated: June 16th, 2022 at 16:40 UTC+02:00

Samsung Electronics is reportedly reevaluating supply and demand amid concerns over global inflation levels. The company has temporarily suspended orders for several components that are required to manufacture various consumer electronics.

Samsung appears to have sent a notice to multiple suppliers asking them to delay shipments or reduce part orders due to bloated inventories. (via IT Home)

Sources say that Samsung is asking for fewer chips and other components needed for manufacturing products in several device categories, including smartphones, TVs, and home appliances.

The smartphone market has been hit by recent world events and rising inflation levels. Samsung is maintaining the lead over other OEMs, but overall shipments are in decline. The European smartphone market, for example, reached a new record low in Q1 2022.

In other news, Samsung appears to have high hopes for its upcoming foldable smartphones, which are anything but affordable. The company reportedly aims to ship 15 million Galaxy Z Flip 4 and Z Fold 4 units combined, which would be twice as many shipments as it predicted for the Z Flip 3 and Fold 3.

As for home appliances, Samsung is pushing its Bespoke series in more markets. But, again, it sounds like the company may have overestimated overall demand and has a surplus of components it wants to get rid of first before taking in more orders. We'll have to wait and see how this translates to the company's bottom line over the next few months.

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

BusinessGeneral Samsung Electronics
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung wants to infuse AI into 6G networks to improve quality

Samsung wants to infuse AI into 6G networks to improve quality

Samsung is not only the world's biggest smartphone brand but also an innovator in the mobile networks space. Its telecommunication network division, Samsung Networks, powers the 5G networks of some of the world's biggest network carriers. It now says that it aims to integrate AI into 6G network technology for improved quality. Samsung thinks adding […]

  • By Asif Iqbal Shaik
  • 6 days ago
Early Exynos 2600 production test goes smoothly with 30% yield

Early Exynos 2600 production test goes smoothly with 30% yield

While Samsung is reportedly optimizing the upcoming Exynos 2500 chip for a launch in the second half of 2025, the company is also working hard to improve the manufacturing process for the future Exynos 2600 solution. Reports say Samsung has achieved a higher-than-expected yield in an initial test run earlier this week. Samsung Foundry is […]

  • By Mihai Matei
  • 1 week ago
Samsung’s Galaxy tablet restructuring in 2024 improved shipments

Samsung’s Galaxy tablet restructuring in 2024 improved shipments

Samsung's tablet portfolio shrunk down in 2024. The company released only four tablets in 2024, compared to seven a year prior. Furthermore, Samsung restructured its premium tablet lineup to include two instead of three models. Gone is the base Galaxy Tab S variant. Needless to say, 2024 was an unusual year for Samsung tablets. However, […]

  • By Mihai Matei
  • 2 weeks ago
Maybe the Galaxy S25 Ultra S Pen is an Apple-like calculated stunt

Maybe the Galaxy S25 Ultra S Pen is an Apple-like calculated stunt

The Galaxy S25 Ultra S Pen needs no more introduction at this point, but still, here's a quick recap of what has transpired so far. Samsung removed Bluetooth and Air Actions from the S25 Ultra S Pen, and some people are frustrated or don't understand why. I have a theory, or at least a hunch. […]

  • By Mihai Matei
  • 2 weeks ago
Samsung boss meets OpenAI CEO, possibly for Project Stargate and AI collab

Samsung boss meets OpenAI CEO, possibly for Project Stargate and AI collab

Samsung Electronics chief Jay Y. Lee reportedly met OpenAI CEO Sam Altman and Softbank Group head Masayoshi Son earlier today. During this meeting, the three executives discussed possible cooperation in the AI segment. This is Lee's first business meeting after getting freed from legal issues. Samsung could join OpenAI's Project Stargate for AI collaboration Amidst […]

  • By Asif Iqbal Shaik
  • 2 weeks ago
In a bid to revive company, Samsung boss to meet OpenAI CEO

In a bid to revive company, Samsung boss to meet OpenAI CEO

Many people believe that Samsung and its products have become stagnant these days. They miss the old Samsung that brought groundbreaking technologies and launched exciting (even if controversial) products. Well, we might see the old Samsung again as the company's chief, Jay Y. Lee, is trying to revive the company. Lee, who has been in […]

  • By Asif Iqbal Shaik
  • 2 weeks ago