Apple may compensate Samsung Display for a significant drop in shipments of its OLED panels earlier this year, according to insiders.
We will remind, in January this year, shipments of small OLED-panels Samsung Display fell by 9% to 45 million units. The main reason was that the production capacity of the iPhone 12 mini was cut due to sluggish sales.
Samsung Display is the exclusive supplier of the 5.4-inch OLED screen for the iPhone 12 mini. The reason for the penalty is that Apple made a commitment when it signed a contract to supply screens for its smartphones. As insiders point out, for many, including Apple, it was completely unexpected that the iPhone 12 mini could not reach the set lower limit.
If compensation is paid, it will be the third time in history that Apple has compensated Samsung for not ordering enough screens for its smartphones. According to reports, in 2019 Apple paid Samsung $ 683 million for under-ordered displays, and in 2020 the amount reached $ 950 million.
Interestingly, despite the weak sales of the iPhone 12 mini, Apple plans to release the iPhone 13 mini with a 5.4-inch screen this fall.
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