Apple orders 60 million OLED panels from Samsung

Apple seems to have big plans for the upcoming iPhone flagships since insiders familiar with the workings of the industry revealed that two big deals had been signed so far with Samsung Display. According to these sources, Apple ordered no less than 160 million OLED panels.

The Investor writes that the latest deal between Samsung Display and Apple involves the manufacture of 60 million OLED panels and is worth no less than $4.3 billion. Back in 2016, the two companies signed a similar agreement for the supply of 100 million OLED panels.

The upcoming iPhone 8 flagship will be the first Apple smartphone to use the OLED technology. The Cupertino giant currently acquires LCD panels for the iPhone flagship from multiple sources, including Sharp, Japan Display, and LG Display. Apple's main rival Samsung already uses OLED panels for almost 70 percent of its smartphone models.

The deal has not been officially confirmed yet.