Samsung is the exclusive supplier of OLED displays for the iPhone X and newer, as part of a supply agreement with Apple. Due to fewer iPhone sales than anticipated in recent quarters, however, Apple has reportedly ordered fewer OLED displays from Samsung than both companies initially expected.
Due to the shortfall, Korea’s ETNews reports that Apple now owes Samsung a penalty in the amount of hundreds of millions of dollars. Instead of paying cash, however, the report claims Apple has offered multiple options, including committing to OLED display orders for future products like “tablets and notebooks.”
MacDailyNews Take: After using Apple’s well-calibrated OLEDS in our iPhones since iPhone X, we can’t wait to have them in our iPads and MacBooks, too!