[Report] Samsung Will Produce Less Than 300 Million Smartphones In 2023, With The Galaxy S23/Ultra Series Accounting For 32.63 Million Units

Samsung Electronics plans to produce 290.68 million smartphones in 2023, according to TheElec. That's 13 percent of the company's production target of 334.2 million units for 2022 by the end of 2021.

Manufacturers always set production targets about 10% higher than their shipment targets in order to have some units for marketing and inventory.

Samsung's 2023 shipment target is 270 million units, slightly higher than the 260 million units Samsung believes will eventually ship in 2022.

Of the 290.68 million units Samsung will produce next year, the Galaxy S23 series accounts for 32.63 million units . That's similar to the 32.9 million target Samsung set for the Galaxy S22.

AndroBliz learned that among these 32.63 million units: 14.74 million units (45%) will be Galaxy S23 Ultra; 12.47 million units (38%) will be Galaxy S23, and 5.42 million units (17%) will be Galaxy S23+.

Samsung also plans to launch and produce 10.4 million 5th-generation foldable phones next year. More Galaxy Z Flip 5 will be produced 6.86 million units. 3.54 million units will be the Galaxy Z Fold 5.

The 10.4 million foldable phone target is 6% higher than Samsung's target for the Galaxy Z Flip 4 and Galaxy Z Fold 4, which are 6.9 million and 2.9 million, respectively, for a total of 9.8 million.

Samsung's current Galaxy Z Flip 4 shipments are lower than expected, so the Galaxy Z Flip 5 is more conservatively targeted, sources said.

Still, Samsung's production target for the Galaxy S23 and Galaxy Z 5 foldable series plus traditional flagship models is set at 60.46 million units, or 21% of its total production target of 290.68 million units.

Samsung's flagship models also account for 20% of its total production target for 2022. Samsung has said it expects growth in flagship smartphones in 2023 despite the sluggish economy.

At the same time, Samsung will produce a total of 215.65 million units of the Galaxy A series next year; the Galaxy M series is set at 9.77 million units. The Galaxy A series accounts for 74% of Samsung's total smartphone production target.