Samsung Could Make $22 Billion Off Next Year’s iPhones
Posted by BeauHD on 22nd December 2017
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According to a report by Korean outlet ETnews (via The Investor), Apple placed an order for 180 million to 200 million OLED displays from Samsung’s manufacturing branch, Samsung Display, for the next round of iPhones. Each display is estimated to cost $110, which could mean the deal is worth up to $22 billion. CNET reports: The recently released iPhone X was Apple’s first phone to feature an OLED display, rather than an LCD panel. Samsung, on the other hand, has been using OLED displays in its phones for quite some time. Currently Samsung holds a near monopoly on the world’s manufacturing of OLED screens. As a result, Apple had little choice but to turn to its rival for this type of screen. This isn’t the first deal of its kind. Earlier this year it was reported that Apple bought 60 million OLED displays from Samsung, apparently for what would later become the iPhone X. According to the report, Apple’s next order is up to four times larger than this previous order. Demand is so high that Samsung considered opening a new manufacturing plant to process Apple’s order, the report said, but has been able to manufacture enough of the panels to fill Apple’s order.

Read more of this story at Slashdot.

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