Apple has sold too little iPhone. Samsung had to pay a fine for the extra OLED screens

Apple ordered a Samsung OLED panel for smartphones from Samsung, but because of the slump in sales on the iPhone, it was not able to buy everything. Apple had to pay $ 683 million as a penalty, writes Reuters.

The companies agreed on 200 million panels, but the order was lower than expected.

Until 2017, Apple used LCD screens exclusively, but with the release of the iPhone X, the company switched to OLED displays.

The complexity of iPhone sales and US trade sanctions against China affected Samsung's operating profit in the second half of 2019. The data has not yet been published, but it is expected that revenue fell by 56% to $ 5.6 billion.

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Clifton Nichols

Clifton Nichols

Hi! I’m Clifton and I am a full-stack engineer with a passion for building performant and scalable applications that are beautiful and easy to use.

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