Samsung to slash OLED panel output as iPhone X slumps

Samsung to Slash OLED Panel Production as iPhone X Demand Disappoints Report

Earlier this week we learned that Apple's iPhone X production cuts have left Samsung looking for more buyers of its OLED displays.

According to Nikkei Samsung will be making OLED panels for less than 20 million iPhones, 30 million less than what the initial goal was.

Additionally, while Samsung's Display division has yet to set a production target for the April-June quarter, Nikkei reports that a further cutback may occur. Apple itself saw a stock fall of 0.89 percent in pre-trading.

The iPhone X, notch and all, is now not as hot a commodity as Apple would like it to be.

Reuters/Stephen LamAn attendee checks out a new iPhone X during an Apple launch event in Cupertino, California, U.S.

Frustrating the situation for Samsung may well be Apple's attempts to divide its supplier dependencies.

A fresh report today says that the reduction in iPhone X production may be even greater ... Sources told Nikkei that Samsung's display arm will likely see a profit decline in the first half of 2018.

Of course, "weak demand" for iPhone X doesn't necessarily translate to disappointment within Apple.

Wall Street analysts have been shouting for months that the iPhone X sales were far below expectations.

In a bid to fend off the challenges by Chinese competitors, the Korean display maker aims to diversify its client base for smartphone OLED displays this year while putting focus on large-sized premium products in the TV segment, according to the official.

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