Samsung's mobile phone and tablet production will increase by 13% in the first half of 2024, reaching 114.4 million units

[CNMO Technology News] According to CNMO, Korean media reported recently that Samsung’s smartphone and tablet production is expected to reach 49.9 million units in the second quarter of 2024 (excluding joint production with China Wingtech Technology and others) (The number of mobile phones produced by JDM) is 3% higher than the previously planned 48.3 million units.

Samsung Mobile

produced 64.5 million smartphones and tablets in the first quarter

1. , exceeding plan by 22%.
2. Adding the expected production volume in the first and second quarters, the total production volume in the first half of the year is expected to reach 114.4 million units, exceeding plan by 13%.

Reason

1. The AI ​​marketing effect of S24 series mobile phones is impressive.
2. The sales of low-priced mobile phones in the Indian market have expanded.

Third Quarter

1. Production volumes are expected to be reduced to protect margins.
2. Except for the new foldable phone that will be launched in July, there are no other high-margin products.

   

   Related reports

Although Samsung’s smartphone division performed well in the first half of the year, especially the first quarter, industry insiders said there was no need to force an increase in the third quarter amid the slowdown in the smartphone market. Shipments of lower-priced A-series phones.

Another insider said that sales of the new foldable phone may become a variable in third-quarter production. Samsung's smartphone and tablet production could increase again in the third quarter if shipments exceed expectations.

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