Smartphone production to reach 316 mn in Q4: TrendForce

Smartphone production will be around 316 million units for 4Q22, translating to a QoQ growth of 9.3 percent and a YoY decline, TrendForce estimates.
Kazakhstan mobile networkGlobal smartphone production reported QoQ drop of 0.9 percent and YoY drop of 11 percent to around 289 million units for 3Q22, according to TrendForce.

The drop in smartphone production during the peak season was due to smartphone brands giving priority to consumption of channel inventory for whole devices and maintaining a fairly conservative production plan for 3Q22.

Samsung produced around 64.2 million units, showing a QoQ increase of 3.9 percent. This was the result of the brand scaling back production since 2Q22 and maintaining a conservative outlook on the future market situation. Due to persistent inventory pressure, Samsung is expected to again post a QoQ decline for 4Q22.

Apple produced 50.8 million iPhones in 3Q22, showing stable growth. Apple benefited from the reallocation of the demand that were originally going to Huawei’s smartphones as well as the optimal pricing for the new iPhone models.

Apple has adjusted the share distribution of the different new models in iPhone production. Foxconn’s EMS base in the Chinese city of Zhengzhou has experienced a drop in capacity utilization rate due to a local COVID-19 outbreak.

The top five smartphone brands in terms of production are Xiaomi, OPPO, and Vivo.

Xiaomi has maintained about the same device production volume compared with the previous quarter. OPPO and Vivo recorded QoQ drop. All of them have been constrained in raising production during the second half of this year due to the pressure to correct excess inventory.

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