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Apple signed a two year contract with Samsung for the supply of 92 million OLED displays for iPhone

Apple signed a two year contract with Samsung for the supply of 70-92 million of curved OLED panels for the iPhone, reports Digitimes citing informed sources in the supply chain. Impressive amount the party says about optimistic mood of the “Apple” giant.

Apparently, Apple expects the new generation of smartphones iPhone, which will debut in September, will be in high demand.

“In the framework of the signed contract, Samsung Display will supply 70 to 92 million small OLED panels for Apple in 2017. This means that about 30% of iPhones shipped this year, flexible OLED displays, given that currently, Apple supplies about 200 million iPhones a year,” – said the source.

Assessment of industry sources coincides with the forecast analyst IHS, Markit David CoE. According to him, Apple has ordered from Samsung at least 70 million OLED displays for iPhone, but in case demand exceeds expectations, Samsung plans to release 95 million screens for Apple’s smartphone.

Thus, Samsung will be the sole supplier of displays for the iPhone because the South Korean company possesses the most advanced production technologies in this field. Experts do not exclude that, depending on the level of demand, a portion of the ordered OLED panels can be used for the production of the iPhone next year.

According to unconfirmed information, this year Apple will launch three iPhone models. A high-end model iPhone 8, the price of which is expected to be around $1000, will be equipped with a curved OLED-display with a diagonal of 5.8 inches. Two other models will get a standard LCD screen sizes of 4.7 and 5.5 inches. Among the innovative features of the new generation iPhone is also expected to support wireless charging and water resistance.

Given the hype around the yet unreleased new products, many market experts are predicting record iPhone sales this year. According to estimates Yuanta Investment Consulting analyst Jeff PU, Apple could supply the world market with about 100 million of the new iPhone, of which at least 55 million will be models with OLED screens.

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