Samsung to Cut Smartphone Portfolio

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).