Samsung strikes a $4.3B supply deal with Apple for OLED panels

Samsung Display, a subsidiary of Samsung Electronics, finalized a deal with Apple to supply the Cupertino-based company with 60 million OLED panels for the next-generation iPhone.

This is the second deal between the sides – previously they signed an arrangement that will see Samsung Display supply 100 million OLEDpanels for the upcoming iPhone.

According to the source and Appleā€™s financial results, since 200 million iPhones were sold in 2016, the combined 160 million displays will make up about 80% of all shipments. Industry sources hinted about an OLED display only in the premium Apple model, but this deals suggest otherwise.

Neither company has publicly commented on the deal so far.

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