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.
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