Samsung Reportedly Secures $4.3 Billion Contract from Apple to Supply 60 Million OLED Panels

News originating from Korea suggests that Samsung Display has secured a $4.3 billion contract from Apple to supply it with 60 million OLED panels that will be used in the next-generation iPhone.

Samsung has already won the contract from Apple to supply 100 million OLED panels for the 2017 iPhone (a.k.a iPhone 8). Samsung is the leader in OLED manufacturing as its OLED panels dominate the market, and it was previously reported that the company was the sole supplier of OLED panels to Apple for the iPhone 8. So it is not surprising that the company has a 95 percent market share of the OLED market.

While LG Display also products OLED panels, the company is struggling with yield issues. However, the company is investing heavily in improving its infrastructure and setting up a new OLED manufacturing plant to secure some OLED panel orders from Apple in the future. Other Apple suppliers like Foxconn/Sharp and JDI are also working on setting up their own OLED manufacturing units.

Apple is rumored to use an OLED panel on the new premium 5.8-inch iPhone 8 Plus it will debut this year. The company initially wanted to use OLED panels on all three variants of the iPhone 8 but supply issues forced the company to reconsider its plans. Apart from an OLED panel, Apple is also expected to debut wireless charging on its iPhone lineup this year.

[Via The Investor]