Apple Inc. (AAPL) Reaches Agreement With Samsung Electronics Co Ltd (SSNLF) for OLEDs

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Korean Herald have reported that 100 million OLEDs will be supplied by Samsung for $2.6 billion

Apple Inc. (NASDAQ: AAPL) and Samsung Electronics (OTCMKTS: SSNLF) have reached an agreement of around $2.6 billion to supply the Cupertino company with OLED displays starting from 2017, according to the Korean Herald.

The report published by Korean Herald mentions an agreement running for three years, in which time Apple would be provided with 5.5-inch OLED panels by Samsung. The deal has not been commented upon by Samsung, obviously due to the company’s privacy policy.

Organic Light Emitting Diode, or OLED for short, has been the topic of much discussion over the last few months, as rumors of Apple adopting the display panels for the iPhone have gathered pace. Initially, the Cupertino company was reported to be looking at adopting OLED displays from 2018, mainly due to KGI Securities analyst Ming-Chi Kuo reporting it. Lately, however, rumors have indicated that we could be looking at an Apple iPhone with OLED panels as early as this year with the iPhone 7.

However, it was Ming-Chi Kuo who also reported that a complete overhaul of the iPhone lineup was in order from next year, featuring a form-factor revamp and other major features. A throwback to the iPhone 4 and 4S’s all-glass design was reported, with wireless charging and maybe even a 5.8-inch screen replacing the 5.7-inch screen of the 6 Plus and 6S Plus.

However, all that still remains up in the air for speculation, and all we know is that this agreement probably means that OLED displays would be used in iPhones from next year if the agreement has been reached now. Samsung has previously provided displays for iPhones along with LG, and this multi-billion dollar deal between the two companies is further proof of how they get along when it comes to hardware manufacture.

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