Seoul, Oct. 26 -- Samsung Electronics and Apple are cutting orders for smartphone components amid surging memory chip prices and pressure on profit margins, potentially threatening Samsung Display's fourth-quarter earnings, according to a report by The Korea Herald.

The report highlighted that Samsung Display derives nearly two-thirds of its revenue from the two smartphone manufacturers. Apart from this, Samsung's mobile division has asked suppliers to reduce fourth-quarter component deliveries by 20 to 30 per cent compared to earlier plans.

"Samsung Electronics and Apple are scaling back orders for smartphone components as soaring memory prices squeeze margins, threatening fourth-quarter earnings at Samsung Display," The Korea Herald s...