Reports: Samsung to Cut Q4 Smartphone Output by Up to 30%

According to South Korean media, Samsung Electronics' Mobile Experience Division (MX) has begun reducing production for the fourth quarter of this year, with cuts expected to reach as high as 30%. Industry analysts attribute this move to a surge in memory chip prices during the holiday season, which is putting pressure on operating profit margins. Multiple industry sources revealed on the 7th that the division recently instructed partners to reduce product supply by 20% to 30%. Consequently, Samsung Electronics' smartphone output for the fourth quarter is projected to decline by up to 30%. (Caixin Global)