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Apple Pays Samsung an Estimated $950 Million for Missing OLED Panel Purchase Targets

Added 07-13-20 01:12:02pm EST - “Apple in the second quarter of 2020 paid Samsung approximately $950 million for not meeting OLED panel purchase goals established in agreements...” - Macrumors.com

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Posted By TheNewsCommenter: From Macrumors.com: “Apple Pays Samsung an Estimated $950 Million for Missing OLED Panel Purchase Targets”. Below is an excerpt from the article.

Apple has made it easier to keep track of conversation threads in Messages by allowing users to pin threads in the app.

Apple has including the ability to send inline replies to specific messages that appear in the conversation thread of a group chat.

Apple in the second quarter of 2020 paid Samsung approximately $950 million for not meeting OLED panel purchase goals established in agreements between the two companies, according to display analysts at Display Supply Chain Consultants.

Samsung last week shared guidance on revenue and operating profit for the second quarter of 2020, which included a one-time gain related to its display business. The one-time payment is believed to be from Apple, caused by Apple purchasing fewer than expected OLED panels for smartphones during the second quarter of the year.

Samsung reported that its estimate of operating profit included a one-time gain related to its display business, according to a report at wsj.com, but did not disclose the amount. Last week theelec.net reported that Samsung Display is believed to have received KRW 900 billion from Apple for purchasing fewer OLED smartphone panels than required, but DSCC sources suggest that the payment is closer to US$950 million.

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