DSCC estimates that Apple paid around $950 million to Samsung Display in the last quarter - due to lower smartphone OLED orders. Apple is committed to buy a certain amount of displays, and this payment is a fine due to lower orders.
A year ago in July 2019, Apple paid $684 million - again as compensation for lower-than-agreen-on iPhone OLED panel orders.
Apple will pick up its orders from Samsung (and LG Display) for new iPhone OLED panels, as the company is getting ready to release its next-generation smartphones soon.
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Posted: Jul 14,2020 by Ron Mertens
