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Business trends

OLED panel glut looms as Apple slashes iPhone X production

Leader Samsung seeks new customers as competition heats up in display market

TOKYO -- Samsung Electronics is casting about for new customers for its organic light-emitting diode panels, now that its top client Apple has slashed production of the iPhone X due to weak demand. 

Having ramped up production capacity to meet demand for the latest iPhone, the first model to incorporate the panels, Samsung is now saddled with excess production capacity. Other smartphone makers, who Samsung had hoped would incorporate OLED panels, have been slow to make the transition due to their expense and are sticking to liquid crystal displays.

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