Lackluster iPhone X Sales Hitting Samsung as Well
Apple’s new iPhone X isn’t selling exactly as expected, and as a result, the company has adjusted orders for components, including for the OLED panels manufactured by Samsung.
The South Korean firm has thus reduced production at its A3 plant by 10 percent as compared to the same month of the previous year, which marks the first time in many years when the facility isn’t operating at full speed.
A report from South Korea-based The Investor indicates that the A3 production plant has a monthly output of 135,000 units, and Apple accounts for no less than 105,000 of them. But given the declining demand for the iPhone X, Apple reduced orders and Samsung lowered production, with a bigger impact now expected in the total earnings for the year.
Furthermore, Samsung has also suspended expansion plans for a display manufacturing facility in Vietnam, as the company’s current collaboration with Ap… (read more)
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