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Apple orders 70 million OLED panels from Samsung

Apple orders 70 million OLED panels from Samsung

By BizLED Bureau

Apr 5, 2017: It is reported that Apple has already placed orders with Samsung for bendable OLED panels to be used in its upcoming iPhone.

About 70 million units of OLED panels have been ordered, which matches the estimate that was earlier given by IHS Markit analyst David Hsieh.

David Hsieh had said that Apple has ordered 70 million units of OLED panels from Samsung, while Samsung is preparing to produce 95 million OLED panels for Apple in 2017.

In 2016, Samsung signed a deal with Apple to supply 100 million OLED panels worth 3 trillion won to be used in the next iPhone. LG Display also has the technology to make bendable OLED panels. Samsung has already used bendable OLED panels in its recently launched Galaxy S8 and S8 Plus and its Infinity Display screen.

It is also reported that global shipments for iPhone 8 has been estimated at 60-70 million units for 2017. Apple may also expand its annual iPhone upgrade cycle with three new models to launch in 2017.

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