Samsung Display, a subsidiary of Samsung Electronics signed an important agreement with Apple. With regards to this agreement Samsung Display will supply 60 million OLED panels to Apple for the next generation of iPhone. We remind you that it is the second agreement of Samsung with Apple, as both companies have already closed a previous deal in which Samsung Display had supplied 100 million OLED panels.
Samsung sells 60 million OLED panels to Apple for $ 4,300M
According to the source and financial results of Apple, 200 million iPhones were sold in 2016, so the combined 160 million OLED panels will account for about 80% of all shipments. Previously, industry sources predicted that the new iPhone will come in two to three variants, with the only premium model featuring an OLED screen. With the increased panel supply, the OLED adoption could be expanded. What can be anticipated is that the next-Gen iPhone device will be more expensive, since each OLED panel has cost the company almost 72 dollars compared to the 40 dollars of the IPS panels of the current iPhone 7, so there are rumors that the next-Gen flagship iPhone would reach a price of 1,000 euros without any problem.
None of the companies have publicly commented on the agreement so far.