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Posted inNews Feed

Oppo, Vivo, and Xiaomi to cut smartphone orders by 20%

Three major Chinese phone manufacturers, Oppo, Vivo, and Xiaomi, informed their suppliers that their order volume from July will be 20% less than expected, Nikkei Asia reported on Wednesday. The report cites sources who said that Xiaomi initially planned to ship 200 million smartphone units in 2022, but the company has since cut that number to 160-180 million. Vivo and Oppo reportedly informed suppliers that orders for the second and third quarters of 2022 will be 20% lower than expected. As the Shanghai lockdown continues, the report states that disrupted supply chains and weakened demand are considerations for supply reduction.

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