Sony Music chairman leaves to form Apple partnership

Apple's music exec connections may extend beyond the likes of Jimmy Iovine and Dr. Dre. Variety sources have claimed that Sony Music chairman Doug Morris is leaving the publisher at the end of March to help run a new label, 12 Tone, that will have a…
Engadget RSS Feed

Ford president leaves the company over ‘inappropriate behavior’

Ford Motor Company President Raj Nair is leaving the company “effective immediately” after an internal investigation into allegations of inappropriate behavior. “Certain behavior by Nair was inconsistent with the company’s code of conduct,” the company writes in a statement. No further specifics were given about which parts of the company’s code of conduct were violated.

“We made this decision after a thorough review and careful consideration,” Ford CEO Jim Hackett said in a statement. “Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values.”

Nair had been with the company for 31 years, and in 2017 was named to the position of president of North American…

Continue reading…

The Verge – All Posts

Ford president Raj Nair leaves over ‘inappropriate behavior’

Ford will have to adjust its technology strategy, and not for the right reasons. The automaker's North America President Raj Nair has left the company after an internal investigation determined that "inappropriate behavior" was out of line with the…
Engadget RSS Feed

Falling iPhone X demand leaves Samsung Display in the lurch

Apple’s decision to slash iPhone X production has reportedly left Samsung looking for new customers to sell its OLED panels to. Samsung ramped up production capacity in order to meet Apple’s demands, only to find itself sitting on excess production capacity now that Apple has reduced its iPhone X orders. While Samsung hopes to sell […]

(via Cult of Mac – Tech and culture through an Apple lens)

Cult of Mac

Weaker than expected iPhone X demand supposedly leaves Samsung scrambling for new OLED buyers

iPhone X

Amid reports that Apple has opted to cut iPhone X production for the current quarter, Nikkei Asian Review reports that Apple’s decision has left Samsung scrambling to find new customers for its OLED panels. While a scale-back in iPhone production is normal as Apple transitions from the busy holiday quarter to the relatively uneventful March quarter, there are rumblings that underwhelming demand for the iPhone X has led to more drastic reduction in production than anticipated.

In the build-up to the iPhone X launch, many analysts anticipated that the device would usher in a super-cycle of upgrades. In turn, Samsung ramped up its OLED production to meet what was expected to be staggering demand. With things playing out a bit differently, Samsung — for the time being — now finds itself stuck with an abundance of OLED panels with no buyers capable of picking up the slack.

Compounding matters, Nikkei adds that Samsung is also facing increased competition on the OLED front from rival manufacturers.

The report reads in part:

To make matters worse, Chinese OLED panel makers are expanding production capacity, heating up the price competition even more.

“Samsung is increasingly selling OLED panels to outside clients,” said an official at an electronics trading company in Tokyo. Production of the iPhone X, whose sales have been sluggish, is expected to drop by half in the first three months of this year from the initial estimate of over 40 million units.

Looking ahead, the super-cycle that analysts were anticipating with the arrival of the iPhone X may still be on the horizon. Rumor has it that Apple’s 2018 iPhone lineup will consist of three new devices: a revamped iPhone X, a 6.5-inch iPhone X Plus, and a 6.1-inch iPhone X variant with an LCD display. The 6.1-inch iPhone will be especially compelling amid rumors that it will be priced somewhere in the $ 700 range, thus offering users the iPhone X experience at a much more affordable price point.

Apple – BGR