Smartphone Production

Samsung is cutting back production at its largest smartphone plants, located in Vietnam, as retailers struggle to sell through existing inventory and orders slow down — reports Reuters. According to Samsung employees in Vietnam's northern province of Thai Nguyen, which accounts for half of the company's global phone production volume, assembly lines are going from...

According to a new TrendForce report, global smartphone production for Q2 2020 is estimated to register the largest decline on record for a given quarter, marking a 16.5% YoY drop to 287 million units. The report forecasts total yearly production volume of 1.24 billion smartphone units, an 11.3% decrease YoY. In addition to market saturation,...