Samsung reportedly can’t make a profit on its phones, so it’s cutting production by millions

Credit: C. Scott Brown / Android Authority

TL;DR Samsung is reportedly asking suppliers to cut smartphone production by 20% to 30% in the fourth quarter.

The company’s smartphones are apparently generating little to no profit after accounting for rising memory and semiconductor costs.

Samsung is reportedly preparing to significantly cut its smartphone production in the fourth quarter of this year owing to soaring memory prices and decreasing profitability of its devices.