Samsung To Cut OLED Production Due To Poor iPhone X Sales
Samsung's panel-making division, Samsung Display, is reportedly reducing OLED panel production at its South Chungcheong plant due to lower than expected iPhone X sales. According to Nikkei Asian Review, Samsung now plans to cover 20 million or fewer iPhone X devices for the quarter ending in March, a large decrease from the expected 45 to 50 million units. CNET reports: Apple sold 77.3 million iPhones in the quarter ending in January, down by 1 percent on the previous year. The $1,000 price tag on the iPhone X was blamed for the volume shortfall -- but also contributed to the company making record-breaking profits.Samsung did not respond to CNET's request for comment.