Samsung strikes a $4.3B supply deal with Apple for OLED panels
2021-09-27
Samsung Display, a subsidiary of Samsung Electronics, finalized a deal with Apple to supply the Cupertino-based company with 60 million OLED panels for the next-generation iPhone.
This is the second deal between the sides - previously they signed an arrangement that will see Samsung Display supply 100 million OLEDpanels for the upcoming iPhone.
According to the source and Apple’s financial results, since 200 million iPhones were sold in 2016, the combined 160 million displays will make up about 80% of all shipments. Industry sources hinted about an OLED display only in the premium Apple model, but this deals suggest otherwise.
Neither company has publicly commented on the deal so far.
