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Samsung will reportedly cut OLED panel production due to lower-than-expected iPhone X sales

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Samsung is reportedly planning to cut OLED panel production, following Apple’s decision to start making fewer iPhone X phones, according to the Nikkei Asian Review. Instead of supplying panels for 45 to 50 million iPhones, Samsung will now only make organic light-emitting diode panels for 20 million or fewer iPhones this quarter.

The company hasn’t decided its April to June quarter production target, but Nikkei reports that “a further cutback may be in store,” without citing sources. Apple reportedly cut production of the iPhone X by half in response to supposed lower consumer demand.

Nikkei reported last week that Samsung had extra production capacity and was scouring around for new customers besides Apple to manufacture its OLED panels for. It’s not clear what the results were of those attempts to find new clients. Samsung did not immediately respond to comment.

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Source: https://www.theverge.com/2018/2/20/17032996/samsung-oled-panel-iphone-x-apple-production

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