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Daily Authority: 📦 Samsung's 50 million unsold phones
🖍️ Good morning! Have you tried Craiyon yet, the Dall-E mini platform that migrated to a new site? The only limitation is your imagination!
Samsung and 50 million problems
Supply and demand have funny ways of shifting subtly, speedily, and can easily catch companies off guard.
And where supply chain issues had seen massive shortages of components and smartphones, now companies are facing excess stock problems.
- The story is that low demand could leave Samsung with a large unsold smartphone stock problem: as many as 50 million smartphones sitting on shelves at its global distributors.
- So says The Elec in Korea, which has sources pointing to lowering production targets due to the unexpected slowdown.
- 50 million smartphones means about 20% of annual production is …just sitting around.
- The response has been for Samsung to slow monthly production, cutting the 20 million smartphones made each month down to half in May.
- The report further says that it’s not the S22 or foldables that are stuck on shelves but the Galaxy A series, which has been a bright spot for Samsung in the past.
- It’s not exactly a surprise to see the waxing and waning fortunes, but the amount of stock on shelves seems excessive, and the slowdown affects Samsung and its entire supply chain of devices.
What it means:
- It depends on the desperation. Samsung reportedly has this excessive stock but at the same time, there’s a general trend of economic and consumer slowdowns due to both recession and inflation.
- If Samsung is facing a slowdown, and cutting back on manufacturing only works slowly to solve the inventory problem you’d think excessive stock would become… cheap?
- That could mean deals and cut prices, at least on the Galaxy A series.
- Problem is: there’s no real way of knowing where and when that might happen, given how spread out Samsung is around the globe.
- Or, if you give credit to Samsung for running a smartphone business and inventory system and so on, maybe they’ll manage.
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There’s always room for the weird side of photography and the 2022 Creative Photo Awards celebrate just that. The main difference with this contest is that, unlike some others that put sensible limits on Photoshop editing, these Awards put no limit on post-production work for images.
The results are, well, creative!
The winner titled “The False Illusion” by Andre Boto:
And I enjoyed: “Golden Retriever Chasing Beach Bal” by Clemens Van Der Werf:
And why not something by Junwu Yang: “The Mountain in Silence”
Unrelated bonus: A list of weird-looking dogs!
My last week of hunting weirdness was a good one,
Tristan Rayner, Senior Editor