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Samsung May Cut Phone Production by 30% This Quarter
9 Oct
Summary
- Samsung might reduce smartphone production by up to 30%.
- This potential cutback is planned for the fourth quarter.
- High memory prices are reportedly impacting Samsung's profits.
Samsung Electronics may reduce its smartphone production by as much as 30% in the fourth quarter of the year. This significant potential cutback is being considered due to current market conditions.
Reports indicate that the company's smartphone sales are not yielding profits. This financial strain is reportedly driven by a sharp increase in memory prices.
These factors suggest a challenging period ahead for Samsung's mobile division as it navigates rising component costs and their impact on profitability.
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