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Electronics

Samsung to slash OLED panel output as iPhone X slumps

Production for Apple to halve after $12.6bn capital investment last year

Samsung Electronics has been hit hard by Apple's decision to halve the output of the iPhone X in the January-March quarter.

SEOUL -- Samsung Electronics is to slash production at its OLED panel plant in response to customer Apple's decision to reduce output of the iPhone X following weak demand.

Samsung Display now plans to manufacture organic light-emitting diode panels for 20 million or fewer iPhones at the South Chungcheong site in the January-March quarter. The initial goal was to supply panels for 45 million to 50 million iPhones.

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