Samsung to slash OLED panel output as iPhone X slumps

There's plenty of bezel-busting potential in Samsung's midrangers still

The iPhone X was the first phone to get a major design overhaul since the launch of the iPhone 6 in 2015, and many expected it to lead to blockbuster sales.

Samsung Electronics will slash output of its organic light-emitting diode (OLED) panels after Apple cut production of iPhone X amid weak demand. That's a significant drop compared to the initial goal of 45 million to 50 million iPhone panels. For the facility dedicated to making panels for Apple, the rate will fall to 50 percent or lower.

The Korean company is yet to decide its production target for the April-June quarter, but Nikkei speculates that a "further cutback may be in store". For now, Samsung Display is the sole supplier for the current iPhone X. Samsung Electronics uses OLED for nearly 70 percent of smartphone models.

The Samsung group unit is looking to offset the impact by securing more orders from Chinese and other customers. Higher sticker prices compared to other iPhone models mean that each iPhone X sale is worth more to the company's bottom line; indeed, the premium pricing of the OLED smartphone meant that Q1 2018 sales revenue set records, even if shipment numbers did not. For the October-December quarter of 2017, the company had registered an operating profit of 1.41 trillion won, which was down from 1.7 trillion won in April-June quarter of the a year ago. Anticipating a demand surge from Apple, the company made a 13.5 trillion won ($12.6 billion) capital investment past year, resulting in a 1.5 trillion won increase in depreciation costs in 2018. But the company is still expected to see a profit decline for the first half of the year, compared to 2017.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump denies forcibly kissing receptionist in 2006, woman wants footage released
Feb 21, 2018 - 07:18
President Donald Trump denied Tuesday that he assaulted a woman who says he forcibly kissed her in Trump Tower in 2006. In the article , Crooks doesn't say it happened in the lobby of Trump Tower, but outside her company's offices.

isis-killer-beheading-video-story-top Daniel Ricciardo hits the track with RB14 at Silverstone
Feb 20, 2018 - 20:21
Daniel Ricciardo has put Red Bull's RB14 through its paces for the first time at a filming day at Silverstone . Those are encouraging early signs", said Ricciardo .

isis-killer-beheading-video-story-top Does Donald Trump think that Presidents' Day is all about him?
Feb 20, 2018 - 20:21
Today is Presidents Day, which means some people are off work or school , and there are great shopping deals. The bill also included a provision to include Abraham Lincoln's birthday, February 12, to the holiday.

isis-killer-beheading-video-story-top B'luru: NA Harris's son surrenders after being booked for thrashing man
Feb 20, 2018 - 20:20
At the time of his surrender, there was a minor tussle between protesting BJP, JD (S) cadres and Congress supporters. The swift action by the Congress is seen as an effort to control damage to the party ahead of the Assembly polls.

isis-killer-beheading-video-story-top England vs New Zealand
Feb 20, 2018 - 20:20
However, today we would like to talk about the fifth match of the tournament which was between Australia and New Zealand . He had said in an interview to Sky Sports , "I wouldn't play T20 internationals, Id just let the franchises play".

isis-killer-beheading-video-story-top Swype For Android Has Been Officially Discontinued
Feb 20, 2018 - 20:17
Well, the Swype Keyboard app made its way to Android back in April 2013, and after nearly five years, it has been discontinued. Swype Keyboard was one of the first few 3rd party keyboards available on Google Plays Store .

isis-killer-beheading-video-story-top Trump endorses Romney's Senate run
Feb 20, 2018 - 20:17
Former GOP rivals Donald Trump and Mitt Romney once dined together after Trump snagged a White House victory. Trump said Romney would make "a great senator" and "worthy successor" to retiring Sen.

isis-killer-beheading-video-story-top Eastern Ghouta and Afrin brace as Syrian forces prepare to enter
Feb 20, 2018 - 20:17
The multi-sided conflict has killed hundreds of thousands of people and driven millions from their homes. Syrian government forces are boosting air strikes against militants near the capital Damascus .

isis-killer-beheading-video-story-top ESPN's Buster Olney Speculates JD Martinez Will Sign With Red Sox 'Soon'
Feb 20, 2018 - 20:13
Boston lacked power in 2017, finishing last in the American League by hitting only 168 homeruns in 162 regular season games. Gonzalez was terrible in his contract year with the Rockies hitting.262 with only 14 home runs and 57 RBI.

isis-killer-beheading-video-story-top Relentless Kohli targets T20 victory over South Africa after ODI annihilation
Feb 18, 2018 - 06:34
A win in the ODI series helped India get over their drought in South Africa of a series win in the shorter format of the game. When will the 1ST T20I between India and South Africa be played? He has shown that he is the best captain in the world.

isis-killer-beheading-video-story-top Olympic Skater Mirai Nagasu Was An Ice Girl In The NHL
Feb 18, 2018 - 06:32
Today I Discovered is a daily dose of facts for Lifehacker readers - the weird, wonderful and sometimes worrying. As Reuters reports , this makes her the third woman overall to do the move in Olympic competition.

isis-killer-beheading-video-story-top Magazine gets ex-playmate's account of President Trump affair
Feb 18, 2018 - 06:20
The Farrow piece accused AMI chairman David Pecker , a personal friend of President Trump , of burying the story. In that case, the President's personal lawyer admitted to paying Ms Daniels US$130,000 but refused to say why.

isis-killer-beheading-video-story-top Double taxation avoidance agreement to give fillip to India, Iran trade
Feb 18, 2018 - 06:11
This was his second visit to Hyderabad and the first after assuming charge as the president of Iran. Rouhani stressed that "Iran and India's ties are not to any country's detriment".

isis-killer-beheading-video-story-top Schwarzenegger joins "Kung Fury"
Feb 17, 2018 - 23:25
The consummate 80s action star has signed on to join Fassbender and David Hasselhoff (who returns from a cameo in the short). The Hollywood Reporter states that action icon Arnold Schwarzenegger will appear in the film as the American president.

isis-killer-beheading-video-story-top Canada's women's hockey team shoots straight into Olympic semi-finals
Feb 17, 2018 - 23:23
Canada is the reigning champions after a heart-breaking defeat of the red, white and blue in Sochi back in 2014. Like it's not like we'd be surprised if we dropped a game. "Absolutely nothing to do with our future".