Samsung Will Slash the Production of OLED Display, Reports Nikkei


As the demand for iPhone X has reduced, it’s hurting the Samsung’s OLED production business.As Samsung produced OLED display is being used on iPhone X

Due to which Samsung is left with a surplus of OLED displays, and as they are looking for new customers to use the displays. They are also cutting their production to 20-million units, which previously had a target of 45-million tAs the demand for iPhone X has reduced, it’s hurting the Samsung OLED production business.As Samsung produced OLED display is being used on iPhone X. 50-million display units for iPhone X, reports Nikkei.

This cutback is only for the January-March quarter, we could see more cut-offs in production for April-June.

The company is mainly looking for Chinese and other customers to make up the difference in the production.

Samsung invested $12.6 billion this year to boost its OLED production in expectations of an iPhone X craze which never happened. Early predictions for 2018 profits were to beat the 6-year high of Q2 last year, but now it’s looking like Samsung’s display business may be in for a huge drop as iPhone X also “slumps”

(Source)

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