Connect with us

Tech

Apple is likely to reimburse Samsung if the iPhone 12 Mini fails to meet its OLED display purchase target due to inadequate sales

Avatar

Published

on


According to The Korea Herald, Apple is likely to reimburse Samsung Display for a lack of orders for OLED panels as demand for the iPhone 12 mini model was lower than expected.

According to market data collected by Omdia, Samsung’s small OLED shipments reached 45 million units worldwide in January, down 9% month-on-month, demonstrating a decline in iPhone 12 mini sales slump. Industry sources told Herald: Apple is likely to indemnify Samsung for missing the OLED panel purchase target as a result.

“It’s unclear if Apple will pay a penalty for Samsung Display, but given the contract history and sluggish iPhone 12 mini sales, Apple is likely to compensate Samsung,” industry insiders said on condition of anonymity. Said.

Samsung is the only supplier of 5.4-inch panels used in the iPhone 12 mini, the smallest model in Apple’s 5G-enabled iPhone 12 series.

If the forecast turns out to be accurate, it’s the third time Apple needs to reimburse Samsung for the missing OLED display target after saying it will buy a certain number of panels from a South Korean company. ..

Apple reportedly paid Samsung an estimated $ 683 million in 2019 and about $ 950 million in 2020 for similarly substandard OLED panel orders.

Samsung remains the world’s leading smartphone display panel vendor, providing the overwhelming majority of OLED panels for Apple’s iPhone over the past few years.

According to Omdia, worldwide OLED panel shipments reached 53 million units in January, with Samsung Display accounting for 85%.

Despite a series of reports suggesting sluggish iPhone 12 mini sales this year, Apple is expected to maintain the smallest 5.4-inch iPhone model size in the upcoming iPhone 13 lineup.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]