Samsung is reportedly slashing smartphone production due to rising memory costs.

Android Authority cites a report from the Korean outlet Money Today, which says Samsung could decrease smartphone production by up to 30 percent in the fourth quarter. An unnamed source tells Money Today that Samsung’s smartphone sales currently aren’t yielding profit due to skyrocketing memory prices. [Link: Samsung reportedly can't make a profit on its phones, so it's cutting production by millions | https://www.androidauthority.com/samsung-smartphone-production-cut-3720540/ | Android Authority]