Tuesday, February 14, 2017

Samsung signs $4.3 billion deal with Apple to make OLED displays for iPhone:Report



Samsung probably hates the fact that every Galaxy S or Galaxy Note flagship is compared to their rivals from Apple, with the iPhone almost always being found the better smartphone overall. At the same time, however, Samsung might not even be interested in beating Apple in the high-end smartphone business. That’s because Samsung makes tons of money off of the iPhone, and things are about to get even better for the South Korean company this year, thanks to the exciting new iPhone 8.

To this end, the company has been rumoured to use displays from several manufacturers, including Samsung, Japan Display, Sharp, and LG. Now, a new report claims Samsung has a finalised a $4.3-billion (roughly Rs. 28,805 crores) deal to manufacture 60 million OLED panels.

A report by South Korean publication The Investor claims that this is the second major deal for OLED panels between the two companies, with the first said to be for 100 million display panels - something that was reported as far back as April last year.

ALSO READ: Apple iPhone 8 to support wireless charging via an optional accessory: Report

Combined, Samsung is said to be making 160 million OLED display panels for iPhone models this year - which is 80 percent of Apple's total iPhone shipments in 2016 when it shipped 200 million units. In light of this massive number, and if the report is true, Apple seems likely to use OLED panels on all iPhone models this year, rather than only on the top-end all-glass model that's been rumoured thus far.

The Investor says that Samsung uses OLED screens for almost 70% of its smartphones, including models that aren’t high-end devices like the Galaxy S or Galaxy Note series. Samsung Display will also provide some 60 million OLED screens for the Galaxy S8 series, the report notes.

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