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Samsung Cuts Smartphone Production by 20% to 30% | ByteBrief

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MobileAndroid Authorityabout 3 hours ago

Samsung Cuts Smartphone Production by 20% to 30%

1 min read

Samsung reportedly asks suppliers to cut smartphone production by 20% to 30% in the fourth quarter due to rising memory and semiconductor costs. The company faces little to no profit on its devices as it prepares to significantly reduce output this year.

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Summary by ByteBrief

More to chew on!

Chipsabout 7 hours ago

Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs. ~$81.2B est., and revenue up 127% to ~$145.7B, lower than expected (Yoolim Lee/Bloomberg)

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Chipsabout 8 hours ago

Samsung Forecasts Record $80 Billion Q3 Profit