Samsung to cut phone production by 30% as memory prices soar

Samsung reportedly plans to cut Q4 2026 smartphone production by up to 30% as record memory chip prices squeeze its mobile division. The unit is heading for an annual loss, while Samsung Electronics expects over $80 billion in quarterly operating profit from memory. The company is willing to sacrifice market share to maximize memory margins.

• Samsung's Q4 2026 smartphone production reportedly cut by up to 30%
• Samsung Electronics Q3 2026 operating profit projected above $80 billion
• Mobile division on track for an annual loss this year
• Galaxy S27 lineup expected to be more expensive than predecessors