Samsung to Cut Smartphone Portfolio

By Raverstead

Robert Yi, head of investor relations at Samsung, has said that the company will cut the number of smartphone models it offers by 25% – 30% next year. Speaking at the company’s Investor Forum in New York, Yi said that Samsung plans to streamline its portfolio and compete with low-cost models from other vendors, mainly those in China.

At the same event Lee Chang-hoon, a VP at Samsung Display, said that SDC will have a monthly capacity of 30,000 – 40,000 flexible displays by the end of 2015. A product with a flexible display will be developed “by the end of the year” (although Lee did not clarify whether he meant 2014 or 2015).