Apple has reportedly placed orders for 70 million OLED panels to Samsung ahead of the iPhone 8 launch later this year. The huge order indicates that Apple is confident about the demand of the OLED iPhone 8 despite its possibly premium pricing.
The number is also in line with previous reports which suggested that Samsung will supply Apple with around 70 million OLED panels this year. The Korean company will be the sole supplier of OLED panels to Apple this year, with other suppliers joining Apple’s supply chain next year.
Apple has placed orders for bendable organic light-emitting diode (OLED) panels with Samsung Electronics for use in 70 million handsets this year, sources told Nikkei Asian Review. The large order suggests that Apple expects its new premium iPhone 8 to be launched late 2017 to fly off the shelves.
An order of 70 million OLED panels does not mean that Apple will ship 70 million iPhone 8 units this year itself. The stock of display panels will also be used in iPhone 8 units sold early next year.
The Nikkei report source also confirms that all three iPhone 8 models will feature wireless charging and waterproofing, though Apple’s suppliers are still working on resolving the overheating issues. The source also says that at least one iPhone 8 model will feature a 3D sensor for facial recognition and lack a physical home button at the front.
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