Samsung announced yesterday the financial results for Q1 2018, and confirming everything that many analysts have said so far, the Korean company reaffirmed the fact that sales iPhone X they are weak at this beginning of the year. The Samsung division that produces OLED screens claims that it delivered few panels to the Apple company due to the drop in demand from those in Cupertino, so it is quite clear that iPhone X sales are weak.
Samsung recorded a much smaller profit for the division that produces OLED screens, and this is because Apple did not buy as many screens because people are not looking for the iPhone X as much. Samsung's revenues for the division that produces OLED screens increased by 3.4% in Q1 2018, far from the 20% that the company estimated at the end of last year, and all because of Apple, unfortunately.
Samsung: iPhone X sales in 2018 were bad
Samsung also says that apart from the division that produces memory chips, it is difficult for other divisions to register increases in profit due to the low demand for OLED screens, as well as competition from other companies. Basically, although until now Apple has been presented as a victim of those from Samsung in terms of OLED screens for the iPhone X, the Koreans also suffer if the phones from Cupertino are not successful.
"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."
Samsung confirms without a doubt that iPhone X sales are much lower than analysts imagined before the start of 2018, and next week we will find out how big the difference is between reality and fiction. iPhone X was repeatedly presented as a phone that was going to generate huge sales for the Apple company, but in the end it turns out to be just a losing battle of those from Cupertino with fans who don't want to pay a lot of money for it.
