It's not just Apple feeling the effects of lackluster iPhone X sales.
Samsung003 Archivesalso now grappling with the same problem. Since Apple relies on the Korean tech giant for the iPhone X's expensive display panels, it is now searching for a new buyer, according to a report from Nikkei.
SEE ALSO: Why Apple doesn't need to sell more iPhones anymoreThis new development follows earlier reports that Apple was cutting production of the iPhone X after slowing sales.
The problem for Samsung, though, is that it's proving more difficult than expected to find takers for the leftover OLED display panels originally intended for the iPhone X. Nikkei reports that Samsung had been counting on other smartphone-makers to follow Apple's lead and start using the more expensive OLED displays.
That hasn't turned out to be the case, though. Other tech companies have been reluctant to use the part, which is significantly more expensive than the LCD displays common to most smartphones (Apple's decision to switch to OLED displays is part of the reason the iPhone X costs so much more than previous iPhones).
Exacerbating Samsung's inventory problem are Chinese companies that make cheaper OLED displays and are reportedly upping their production, which is driving prices down prices even more. And without Apple, which was reportedly paying between $120 and $130 per display, Samsung could end up taking a big hit on the all those leftover panels.
Topics Apple iPhone Samsung
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