Mark Gurman and Sam Kim, reporting for Bloomberg:
Samsung Electronics Co. is the latest Apple Inc. supplier to offer a sign of weaker iPhone X sales, saying that it’s seeing slow demand for the screens used in the flagship product.
The South Korean electronics manufacturer said in an earnings report today that profits for its display business “were affected by slow demand for flexible OLED panels.” The division’s sales rose 3.4 percent in the latest quarter, compared with 20 percent for Samsung as a whole.
Flexible OLED panels are the screens used inside the iPhone X, and those are supplied exclusively by Samsung. Other component makers for Apple, which reports quarterly earnings results next week, have also issued gloomy outlooks pointing to lackluster demand for the top-end phone.