Apple – Reaches Deal With Samsung to Purchase OLED iPhone Displays

A new report reveals that smartphones made from the popular tech giant Apple can’t live without Samsung’s OLED displays. The Cupertino, California-based tech company has reportedly brokered a deal with their long-time “Frienemy” and South Korean tech giant, Smasung, to provide more OLED screens for a future iPhone. This may include the 7th generation iPhone that many are already preparing their wallets for when it will hopefully be revealed (and perhaps even launched) this fall.

Apple - Reaches Deal With Samsung to Purchase OLED iPhone Displays

Apple Forms an Alleged Deal With Samsung for OLED Displays for iPhones

As per the alleged deal with Apple and Samsung, the display will supply in the region of a hundred million 5.5-inch OLED panels per year. The value of these displays is being estimated to be placed at $2.59-billion. The South Korean company bosses have refused to confirm the deal due to privacy reasons.

Samsung, aside from being known as one of the leaders in developing powerful Android phones, is also known for being placed at the top spots in OLED display research and AMOLED production. They have also been previously reported to being “on the fast track” towards establishing a dedicated facility for supplying displays for their rival/friend company, Apple. The Samsung Display took up 23-percent of the global display shipments last year for screens that have been found to be smaller than 9-inches.

In making such a feat, it is then trailed by Japan Display (which took 16-percent of the shipments) and LG Display (which took 14-percent). Both companies will also provide OLED displays for the Cupertino-based tech firm but in smaller quantities.

Even though it is not mentioned within the Korea Herald’s report, there is also another rival for Samsung that was recently acquired by Foxconn, an Apple manufacturer. This rival company is that of Sharp, and the main impetus for Foxconn in the acquisition of the aforementioned company is because Sharp is reportedly losing money. With this particular move, it is reportedly so that they can compete within the OLED display market.

Terry Gou, Foxconn CEO, has already previously tried to persuade Apple in lessening its dependency on Samsung. Gou specifically told Taiwanese manufacturers that they need to band together in countering the looming threat that is Samsung. However, those who have already taken a look at Samsung’s displays on their smartphones, particularly that of their new Galaxy S7 handsets, will know that the tech firm sure can build some nice displays.

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