Technology content trusted in North America and globally since 1999
8,485 Reviews & Articles | 65,422 News Posts

Apple's new $12.8 billion deal for OLED panels involves Samsung & LG

Apple lands a new $12.8 billion deal with LG and Samsung for OLED panels for next-gen iPhones

By Anthony Garreffa from Dec 30, 2015 @ 21:41 CST

It looks like OLED is set to go mainstream, with Apple reportedly handing over a large chunk of cash in a new deal with competitors Samsung and LG for OLED panels for its next generation iPhone.

apples-new-12-8-billion-deal-oled-panels-involves-samsung-lg_01

According to Reuters: "LG and Samsung Display are close to a final agreement with Apple for the screens, the Electronic Times report said, adding the two Korean firms plan a combined 15 trillion won ($12.8 billion) in capital expenditure to build up OLED production capacity over the next two to three years".

The latest rumors have Apple using OLED panels in their iPhones starting in 2018, which would give Samsung and LG a few years to get mass production of OLED panels underway.

NEWS SOURCES:Wccftech.com


Related Tags

PRICING: You can find products similar to this one for sale below.

USUnited States: Find other tech and computer products like this over at Amazon.com

UKUnited Kingdom: Find other tech and computer products like this over at Amazon.co.uk

AUAustralia: Find other tech and computer products like this over at Amazon.com.au

CACanada: Find other tech and computer products like this over at Amazon.ca

DEDeutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de