Apple has made a nearly $ 1 billion payment to Samsung for a reason related to its OLED displays. During the second quarter of 2020, Apple paid Samsung nearly $ 1 billion for not meeting the purchase objectives of OLED panels established in the agreements between the two companies, according to analysts at Display Supply Chain Consultants. A payment that is believed to come from the bitten apple company for the reason that we discussed earlier. Last week, theelec.net reported that the Samsung Display is believed to have received 900 billion South Korean won from Apple. As we have already mentioned, the payment that Apple has made to Samsung suggests that the Cupertino firm did not reach estimated iPhone sales, so it failed to reach the number of OLED panels that Samsung expected the company would need.

Source: Wall Street Journal July 18, 2020 12:45 UTC