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Apple and Samsung Electronics are cutting smartphone component orders due to soaring memory prices squeezing profit margins
Apple and Samsung Electronics are cutting smartphone component orders due to soaring memory prices squeezing profit margins, which could threaten Samsung Display's fourth-quarter earnings, as nearly two-thirds of its revenue comes from the two phone makers, The Korea Herald reported, citing industry sources. Samsung's mobile division has asked suppliers to cut fourth-quarter component deliveries by 20% to 30% from original plans. Separately, Apple reportedly cut orders for certain iPhone 18 Pro and Pro Max models in October.
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