Apple signs US $240M deal with Samsung for 3M more iPad displays

Apple signed a deal with Samsung a leading Korean company to provide them with 3 million displays for their upcoming Apple iPads tablets. The deal is worth more than US $240M.

A high-ranking industry representative that recently spoke with The Korea Times said

“The most expensive component in the iPad is the display and touch-screen interface that costs $80 for all models,” that person said. “The 9.7-inch display is more than twice the size of the iPhone 3GS screen and costs five times as much.”

Apple made similar deal worth US $500M with LG for the supply of flat panel displays through the year 2013.

Samsung is also trying to supply their LCD panels to Apple for their upcoming 4G iphone & iPads. A anonymous Samsung executive told Korea Times

“As far as I know, Apple will use the LCD panels for its next iPhone models. We are receiving related orders from Apple,