The Galaxy S23 series is expected to launch at this event. After several leaks and rumors, Samsung finally confirmed the date for its first in-person event in three years.
Samsung is reducing its production, and it is for many reasons. Samsung is looking at a massive change in its operations, and it would be to reduce its production number for its smartphone ventures this year compared to its numbers from the previous years.
Samsung has led the worst market drop for smartphones since the COVID-19 outbreak. The smartphone industry is facing its worst market drop since the pandemic started when its shipments fell by 11% due to "unfavorable economic conditions" and slow seasonal demand in the first quarter of 2022, based on Canalys' report.
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