Apple paid Samsung a $950 million penalty after buying fewer OLED panels than expected

Apple Vs Samsung

  • Apple paid Samsung $950 million after purchasing fewer OLED displays than anticipated during Q2.
  • The payout suggests that iPhone sales during the June quarter will be quite low.
  • Some analysts believe the forthcoming iPhone 12 release will help Apple whether the economic impact of the coronavirus.

Apple this year paid Samsung a hefty fee for not buying enough OLED panels during the second quarter of 2020. The news comes from analysts at Display Supply Chain Consultants (DSCC) who estimate that Apple’s payout to Samsung was somewhere in the range of $950 million.

Samsung a few days ago did reveal that it received a one-time gain with respect to its display division during the June quarter. The South Korean-based tech giant, however, didn’t provide further specifics as to the payout amount or reveal where it came from. The DSCC report, therefore, helps us fill in some gaps.

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Apple paid Samsung a $950 million penalty after buying fewer OLED panels than expected originally appeared on BGR.com on Mon, 13 Jul 2020 at 22:14:37 EDT. Please see our terms for use of feeds.

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