Samsung reportedly asks suppliers to cut phone production by up to 30%

Rising memory costs are putting pressure on Samsung's handset profitability, with reports saying phone sales are no longer generating profits. According to Korea's Money Today, cited by GSMArena, Samsung's Mobile Experience division has already contacted suppliers seeking production reductions of 20% to 30% amid the ongoing memory chip shortage.

Covered by 3 publishers within 9 hours of the first report.

• GSMArena: Report: Samsung is cutting up to 30% of its smartphone production in Q4

Reporting3

WCF Wccftech Samsung’s Smartphone Business Yielding No Profits For Company Due To Rising Memory Costs, New Rumor Claims A 30% Production Is In Tow To Reduce Further Losses · Omar Sohail 11:31 PM

AC Android Central Samsung is reportedly cutting smartphone production as memory costs soar · Jay Bonggolto 6:52 AM

GSM GSMArena Report: Samsung is cutting up to 30% of its smartphone production in Q4 8:07 AM

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Topics Samsung