Apple and Samsung has reportedly sealed a 2-year OLED contract for iPhone 8 worth $9 billion

By Team Feedbaac

It’s no secret that Apple is preparing to launch the iPhone 8 with an OLED display panel. New reports suggest that Apple has signed a 2-year contract with Samsung Display to supply curved OLED panels. The contract is said to be worth $9 billion.

The contract says that Samsung Display will ship around 70-90 million small-sized OLED panels to Apple in this year. According to Taiwan-based Yuanta Securities Investment Consulting, the estimated shipments of these new iPhones can reach up to 100 million units in 2017, and over 55 million will feature OLED panels.

Earlier rumors about the OLED iPhone suggest that the device could be limited in production due to lack of sufficient OLED panels. Rumors say that Apple will release three new iPhones this year, two of which will be the iPhone 7s and iPhone 7s Plus, and the third will be the OLED iPhone, that was previously dubbed as the Anniversary edition. The OLED iPhone will feature an all-screen display design with embedded buttons and fingerprint scanner.