Feb 15, 2017: Samsung Display has reportedly won a major OLED contract, and became the official supplier of OLED panels to Apple.
According to reports from South Korea, Sansung Display has bagged a deal worth $4.3 billion (5 trillion won). This is an additional deal to an earlier one that Samsung Display had bagged, bringing the total amount to $11.3 billion (13 trillion).
The initial deal was worth 8 trillion won, and it required Samsung Display to supply Apple with up to 100 million OLED panels, which will be used to manufacture the upcoming iPhone 8.
Apple will now go into early production, with an estimated 48 million units of the iPhone 8, which is expected to be manufactured on time, and will be launched in the second half of 2017.
Now, with the new deal that involves an extra 60 million OLED panels, Samsung Display will end up to be the largest OLED panel supplier for Apple.
Samsung Display will be responsible to supply 80% of all iPhone 8 OLED panels, and the other 20% will probably be supplied by LG Display.