Samsung and Apple Mum on Report of iPhone X OLED Panel Cutback Due to Demand

Samsung and Apple didn’t respond to a Tuesday report Samsung will slash production of OLED panels at its plant in South Chungcheong, South Korea, in response to an Apple plan cutting iPhone X output due to weak demand. Nikkei Asian Review reported Samsung Display will produce panels for 20 million or fewer iPhones in Q1, down from an estimated 45 million-50 million. The new target will reduce plant production to 60 percent of the original plan, and 50 percent or less in the facility dedicated to Apple devices, it said. Samsung is looking to offset the impact by securing orders with Chinese and other customers, it said.