Apple’s iPhone 16 series’ initial sales performance has fallen short of expectations, which is expected to impact South Korean OLED panel suppliers’ performance in the second half of 2024, DigiTimes’ Jessica Tsai and Jay Liang report, citing industry sources. South Korean media analysis suggests that while the initial supply of iPhone 16 sold out in South Korea, this was due to a lower supply in 2024 compared to 2023, leading to inventory shortages, and this is seen as a temporary phenomenon, with similar situations reported in the U.S. and China, Tsai and Liang write.
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