Apple and Samsung Have Signed a 2-Year Deal That Comprises up of 92 Million OLED Panels
With phone manufacturers gravitating towards OLED displays, Apple does not want to be left behind in the race. Trouble is, the company ships out way too many phones and the only other manufacturer of displays capable of sating Apple’s demand is Samsung. While there was a report suggesting that the California-based firm had signed a $4.3 billion USD deal with the tech giant, the new word on the street is that both of them are looking to extend that partnership for a very long term.
The 2-Year Deal Between Apple and Samsung Is Expected to Reach $9 Billion USD for Those Display Panels
Till other display manufacturers are able to produce units that are able to match Samsung’s output capability, Apple is going to stick with this firm for the time being. According to the latest information according to DigiTimes, the maximum quantity that Samsung will ship to Apple for OLED panel units is 92 million, and keep in mind that this figure is only going to be for 2017.
“Based on the contract, Samsung Display will ship 70-92 million small-size OLED panels to Apple in 2017, said the reports. This means that about 30% of iPhone devices shipped in 2017 will come with curved OLED panels, given that Apple currently ships about 200 million iPhone devices a year.”
These displays are expected to be incorporated in the upcoming iPhone 8. With newer panels installed on the radically changed iPhone, it will result in greater battery life and produce vibrant colors that give off a high contrast ratio.
The report does not specify other major players that will be supplying Apple with OLED panels in the future, but we are of the opinion that the company will be working to bring other companies into the fold. Putting all your eggs in one basket can definitely have negative ramifications, and Apple certainly does not want to depend completely on Samsung for this one key component.
Which other companies do you think will join Samsung in delivering Apple OLED panels for next-generation iPhones? Let us know your thoughts right away.