Samsung is selling far fewer screens for the iPhone X than it expected to
https://qz.com/1263556/samsung-is-selling-far-fewer-screens-for-the-iphone-x-than-it-expected-to/
Samsung reported its quarterly earnings Thursday, April 26, in South Korea. Beyond smartphones, gadgets, and all other sorts of electronic equipment, Samsung is one of the largest producers of components for other companies’ products. And one of its clients for high-definition displays is Apple, giving watchers another view into the iPhone maker’s performance.
The conglomerate reported that it expects softness in the global smartphone market to be a challenge for earnings next quarter, in particular the demand for OLED display panels in smartphones. Samsung was the sole supplier for these displays in the iPhone X (but no other iPhone model), which is similar to the technology it uses in its own phones.