A new report has revealed some interesting information regarding Samsung and its smartphone operations. Apparently, the low demand in the handset market has caused a surplus in its smartphone inventory and the figure is huge.

According to TheElec, the South Korean tech giant has a large stockpile of smartphones that have reached 50 million in number. Furthermore, sources have claimed that the Galaxy A series made up a large portion of smartphones that is in this inventory. These are being readied to be sold, as per one of the source. Samsung is planning on shipping around 270 million units of smartphones in this year. So, 50 million would mean that the large inventory accounts for around 18 percent of its shipment goals.

The report further added that a more balanced figure would’ve been around 10 percent, so the figure basically implies that the brand is currently facing low demand for its smartphones. Just in the month from January to February 2022, the company had produced around 20 million units of smartphones. However, this figure halved to 10 million units in May. In other words, this drop in production is probably due to the existing large stockpile of handsets that have not been sold yet.

As of right now, the demand for smartphones have dipped across all segments. There have been multiple reasons for this including lockdowns in China due to the Coronavirus, global economic state, surge in raw materials, the ongoing invasion of Russia into Ukraine, among others. Thus, Samsung has also lowered its component orders from its supports by around 30 to 70 percent from April to May.

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Guo Ping, Huawei Rotating Chairman, has stated that the company has sufficient semiconductor inventory to build telecom base stations. The senior executive made the statement during a press conference at Huawei Connect 2020.

According to TheElec report, this is the first official confirmation from the Chinese tech giant that it has stocked up semiconductors last year to better prepare for the US sanctions. For those unaware, the recent reinforcements of regulations against the company have taken effect as of 15th September 2020. Guo Ping also said that the ban made it very difficult for Huawei, as the company used millions of semiconductors a year for its smartphone and telecom operations.

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The senior executive mentioned that the company is looking at methods to overcome its current predicament. Notably, the Chairman said that the company would gladly opt for Qualcomm chips if it received approval from the US. Despite being a big consumer electronics brand, Huawei is also a major telecom equipment and infrastructure provider. In China, the company has worked to build multiple base stations for the latest 5G networking standards as well. The company also recently revealed that it had reached 96 percent of its 500,000 5G base station target for 2020.

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Earlier today (13th March 2020), Lu Weibing, Vice President of Xiaomi Group and Redmi General Manager, went on Weibo to state that potential customer’s need not worry regarding the stock of the Redmi K30 Pro during its launch.

The senior executive shared a post on the Chinese microblogging website to keep confidence in the launch event due to the on going events in China. For those unaware, China was recently hit with the Coronavirus outbreak which is now being referred to as a global pandemic. The infection had originated from Wuhan prompting the government to quarantine the city and shut down areas of high population density like offices and factories.

This caused numerous electronics brands like Apple, Xiaomi, and more to face troubles keeping up with demand, since the supply was cut short. Even the tertiary companies where materials were sourced from were facing troubles. This led to even more issues during the resumption of production. But now, it seems like Redmi is staying strong with a healthy pre supply of the Redmi K30 Pro units in China.

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The Redmi K30 Pro will be the latest flagship entry from the company and arrive with top notch specs like Qualcomm’s Snapdragon 865 SoC, LPDDR5 memory and UFS 3.0 flash storage. Furthermore, the launch event of the Redmi K30 Pro had also been teased to feature more than just a smartphone launch, according to Lu Weibing. So this gives us more than just a smartphone to look out for.

The company may even seek to grow its IoT or AIoT portfolio in the event with wearables of new Wi-Fi 6 routers. But we will have to wait for the official announcement during the launch event. So stay tuned for more coverage on the upcoming Redmi K30 Pro conference.

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Things are extremely hectic between the US and China, and Huawei is still stuck in the epicenter of all of it. While the US ban has had fairly harrowing effects on the company, they’ve also been prepared for it and have take countermeasures against it. One of these countermeasures apparently was to buy enough chip stocks to last them an entire year.

Huawei had informed its global suppliers six months ago that it wanted to build up a stock of crucial components that would last for up to a year, in preparation for trade war uncertainties. The Chinese giant was also making moves to secure new sources that wouldn’t be affected by a US embargo. Another option in the works is to ramp up efforts at becoming more self-reliant, which may bear fruit fairly soon.

Plans cut across several key components, extending beyond chips to include passive components and optical parts. For some components that are subject to higher risks of export controls, Huawei has stockpiled six months’ to more than a year’s worth of supply, while holding at least three months’ worth of less crucial ones, the sources said.

Analysts claim that the impact of Huawei’s absence from the chip market will be harder to estimate after this quarter. That is because the company could find itself doing business as usual if the U.S. and China agree to a new trade pact; just the other day, President Donald Trump said that the U.S. might use the “dangerous” Huawei as a bargaining chip to extract better terms from China during future trade negotiations.

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In addition, Huawei which is currently the world’s second-largest smartphone vendor reportedly started certifying more chips, optical components, camera-related technologies and other parts suppliers based outside the US at the beginning of this year. The US may also try to get allies to get companies domiciled in their countries to ban sales of components to Huawei.

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