Apple and Samsung sign 2-year OLED display supply contract for $9 billion

- Adrian Ungureanu

Beyond their rivalry in the smartphone market, Apple and Samsung are very good business partners and the latest news coming from South Korea comes to sustain this statement.

It seems that Apple has signed a 2-year contract with Samsung Display for the supply of $9 billion worth of small-size curved OLED panels. Based on the contract, Samsung Display will ship 70-92 million small-size OLED panels to Apple in 2017.

This means that about 30% of iPhone devices shipped in 2017 will come with curved OLED panels, given that Apple currently ships about 200 million iPhone devices a year. Also, we can assume that the iPhone that will be released in 2018 will be equipped by Samsung Display as well.

A coincidence or not, last week we found that Samsung will invest $9 billion to increase its OLED production capacity. Now, we’re pretty sure that Samsung secured the necessary funds to do that.