Despite being rivals, Samsung and Apple do a lot of business together. Last year, Apple placed an order with Samsung for 100 million...
Despite being rivals, Samsung and Apple do a lot of business
together. Last year, Apple placed an order with Samsung for 100 million OLED
panels for its upcoming iPhone 8. But it appears that wasn’t enough. Apple
sells a lot of Smartphones per year and has, therefore, decided to place
another huge order. According to a report from, Apple ordered an additional 60
million OLED panels from Samsung. The total value of the new deal is estimated
to be around $4.3 billion.
Samsung is the biggest manufacturer of OLED panels in the
world, which are found on around 70 percent of the company’s Smartphones. With
the tech giant hoping to increase sales of its upcoming Galaxy S8 series
compared to its predecessor and committing to ship a total of 160 million OLED
displays to Apple, we might see a supply shortage of OLED panels in the market
this year.
The demand for OLED screens is rising and companies are now
more than ever willing to use them on their Smartphones. This is because their prices
has decreased over the last few years and are now cheaper to produce than LCD
panels. In order to avoid a supply shortage, production will have to be
increased.
Samsung obviously isn’t the only OLED producer in the world.
LG is also manufacturing OLED panels and is reportedly already ramping up
production because of the increased demand. In addition, smaller companies in
China and Japan have invested in developing in their own OLED manufacturing
lines.
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