Connect with us

Phones

Apple to pay forfeit Samsung for under-ordered screens for iPhone 12 mini

Published

on

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 weak sales of the iPhone 12 mini, Apple plans to release the iPhone 13 mini with a 5.4-inch screen this fall.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Phones4 hours ago

OnePlus 9R gaming smartphone went on sale

OnePlus is launching the OnePlus 9R gaming smartphone, which is offered in India in a version with 8GB of RAM...

Wearables4 hours ago

The first Huawei fitness bracelet with continuous monitoring of blood oxygenation, heart rate, sleep, blood pressure and risk of apnea. Huawei Band 6 sales start in China

Today in China, sales of the best Huawei fitness bracelet, as determined by the source, start. The novelty is called...

Phones6 hours ago

TrendForce predicts over 5 billion smartphone camera modules to be shipped this year

In response to the growing consumer focus on camera performance when choosing a smartphone, manufacturers are ramping up the release...

Electric Cars6 hours ago

To the delight of car enthusiasts: Spotify unveiled its first gadget and is temporarily giving it away for free

Spotify, the company behind the streaming music service of the same name, has unveiled its first device. It was a...

Components8 hours ago

MSI Optix MAG342CQ monitor is based on 34 ” concave panel

MSI has announced the release of the Optix MAG342CQ monitor. It is based on a 34-inch VA concave panel. Its...

News9 hours ago

Huawei blames US for chip shortage

Huawei Technologies yesterday blamed the US for the crisis that shook the global tech industry. According to the Chinese manufacturer...

Gaming9 hours ago

Sony Unveils First Major PlayStation 5 Update With Many New Features

Sony has announced the imminent release of the first major system software update for the PlayStation 5. The update will...

News9 hours ago

Sony Xperia 1 III was shown right before the announcement. Official images of the flagship released

Sony will be unveiling the new Xperia phones at a special event this week. Right before the announcement, AndroidNext published...

Most Popular