Apple paid Samsung almost $1 billion penalty, here’s why !!
Apple has reportedly paid Samsung a penalty amount of almost $1 billion for failing to purchase OLED displays as required. Samsung Display is Apple’s biggest OLED supplier for its iPhones. It was earlier reported that Apple paid Samsung around $745 million for not meeting the OLED display purchase requirement. But a new report from Display Supply Chain says that the penalty was actually around $950 million. This payment has also reportedly boosted Samsung’s Q2 revenue with the company estimated to have received a “one-time gain related to its display business”. Samsung didn’t…