Samsung Sees Slow Demand for OLEDs Used for Apple's iPhone X
- IPhone X screenmaker adds to chorus of sales concerns
- Samsung is exclusive supplier of OLED screens to Apple
Samsung Tops Profit Estimates
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Samsung Electronics Co. is the latest Apple Inc. supplier to offer a sign of weaker iPhone X sales, saying that it’s seeing slow demand for the screens used in the flagship product.
The South Korean electronics manufacturer said in an earnings report today that profits for its display business “were affected by slow demand for flexible OLED panels.” The division’s sales rose 3.4 percent in the latest quarter, compared with 20 percent for Samsung as a whole.