Samsung could cut smartphone production by as much as 30% this year as its mobile division sees profit margins disappear, despite selling more high-end phones than ever.
Manufacturing phones has become increasingly expensive because the price of memory chips has risen, squeezing profitability across the division.
Why Samsung is considering a production cut
Rising memory chip costs have driven up the expense of building smartphones, reducing profit margins even as premium device sales grow. To reduce its losses, Samsung might cut smartphone production by as much as 30%.

