Report: Apple to Purchase 70M iPhone 8 OLED Display Panels from Rival Samsung

Samsung Galaxy S8

Apple has been tipped to finally make the switch from LCD to OLED panels with the release of this year’s iPhone, which could be called iPhone 8 or iPhone Edition as some rumors claim.

A lot has already been said about the alleged iPhone 8, a phone that will be used to celebrate the company’s 10th anniversary into the smartphone business. But the latest development is definitely a more interesting one, especially since it involves Apple’s archrival – Samsung.

Samsung and Apple are stiff competitors not just in the smartphone world, but in the tech industry in general. However, it appears that this year will be more awesome for the South Korean tech giant, if the latest reports are anything to go by. Apparently, reports coming from Asia claim that Cupertino will purchase a massive 70 million iPhone 8 OLED panels from Samsung.

Of course, this was expected at some point given that Samsung is way ahead of the competition when it comes to OLED technology. However, it is this 70 million figure that is kind of interesting, although it is still 30 million less compared to what had been rumored back in 2016. On the contrary, Research Company IHS Markit claims that Samsung will be making a massive 95 million OLED panels this 2017, just in case the iPhone 8 demand exceeds the set targets.

Apple iPhone 8

Given the uncertainties surrounding these figures and the fact that the two companies might never disclose the real figures of the deal, it is hard to know what exactly Apple is up to with the 2017 iPhone 8. But one thing that is for sure is that Samsung’s effort in taking the lead as far as OLED panels are concerned is paying off handsomely. It is this lead that might force Apple into striking a deal with its closest rival in the business.

Apple is expected to unveil the iPhone 8 somewhere in September this year and so far, rumors claim that the company will also refresh the iPhone 7 and 7 Plus with an S model, just like it is expected to happen.

Do keep in mind that this statement is not coming from Apple or Samsung. As a result, take it with a grain of salt.