Samsung apparently has a huge stockpile of 50 million devices due to low demand -Techweu

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According to a new report out of its home of Korea, Samsung has a stock problem. And it’s that it has huge amounts of phones in stock – over 50 million, in fact. That staggering stockpile has added up into the stocks of its distributors. These are phones that are just sitting there waiting to be bought – but apparently not enough people want them.

The A series of mid-range devices allegedly takes up a huge portion of this stuck inventory, presumably because they aren’t appealing enough to fly off the shelves.

Samsung apparently has a huge stockpile of 50 million devices due to low demand

Samsung is aiming to ship around 270 million smartphones this year, and 50 million is 18% of that. “Healthy” stock numbers would be at or below 10%, hence why the sources for this report claim there’s a desirability problem for these stockpiled devices .

Samsung made around 20 million units per month early this year, but that dropped to around 10 million in May. This could be a reaction to having too many units stuck in inventory and seeing low demand. The lower demand has also made Samsung cut its component orders from suppliers by 30% to 70% from April to May.

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