Samsung Expecting Major Blow Due to Poor iPhone Sales
Apple’s CEO Tim Cook has recently updated the company’s quarter expectations, confirming the iPhone isn’t selling as good as anticipated.
As a result, an important share of Apple’s suppliers is now expecting revenue declines too, and two of the companies that are most likely to be hit are Samsung and SK Hynix.
As per The Korea Times, several units owned by Samsung now project earnings drops in the first half of the year. Samsung Display manufactures OLED panels for the iPhones XS, while Samsung Electronics makes memory chips.
Additionally, SK Hynix, which builds memory chips as well for Apple’s iPhone, is expecting a significant hit, as its business almost entirely relies on orders from the Cupertino-based giant.
Apple supply chain hit by weak iPhone demand
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