"There Is No Profit Even if We sell"…Samsung to Cut Smartphone Production by 30% - MoneyToday
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5 Articles
Samsung could make 30% fewer phones this year as profit margins disappear
Even though Samsung is selling more high-end phones than ever, the company's mobile division is seeing its profit margins decrease. Manufacturing phones has become increasingly expensive due to the rising price of memory chips. To reduce its losses, Samsung might cut smartphone production by as much as 30%. Reports indicate that Samsung is slashing its […]
RAM costs save no one, even Samsung. According to South Korean media Money Today, the manufacturer would have asked its suppliers to reduce its smartphone production by 20 to 30% in the fourth quarter.
Samsung has reportedly asked to cut its smartphone production sharply in the fourth quarter of this year. According to Korean outlet Money Today, Samsung's Mobile Experience unit has asked subcontractors to reduce production volumes ... Read more
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
Apple appears to be the only smartphone manufacturer out there that’s not only enjoying an iPhone sales surge but is the only company that’s actually making money through countless shipments. According to the latest report, Samsung’s handset business is in such a dire state in terms of profitability due to the DRAM crisis that the technology giant is said to have requested suppliers to cut production by 30 percent. Despite smartphone production …
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