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Apple reportedly pays Samsung $4.3 billion for additional 60 million OLED display for iPhone 8

Apple had made a deal with Samsung Display last year to supply 100 million OLED panels for the iPhone 8,

Samsung Display has reportedly strike a new deal with Apple to supply additional 60 million units of OLED panels for the upcoming iPhone 8. The Cupertino-based giant is reported to pay around $4.3 billion to Samsung for this deal.

According to a report by The Investor, Apple has entered into a deal with Samsung Display last year to supply 100 million OLED panels for the iPhone 8, which is rumoured to be launched in September 2017. The report further highlights that Apple sells almost 200 million iPhones a year and the combined 160 million units of OLED panels will make up almost 80 percent of the entire sales.

See also:Samsung Galaxy C5 Pro launching on February 28, reveals a leaked retail video

This further strengthens the rumours that one of the variants of this year’s iPhone series will come with an OLED display. The company is reported to launch three iPhones variants this year and the premium one is dubbed to be the iPhone 8 which will indeed come with a curved OLED display.

Previously, a report also highlighted that the company is planning to bring iris scanner for unlocking and adding an additional layer of security on the next iPhone. Ming-Chi Kuo, an analyst at KGI Securities, has stated that Apple is working to implement wireless charging to its iPhone ecosystem. Further, Apple will reportedly put a new 3D Touch module along with an additional graphite sheet to prevent the device from heating. If you are not aware, wireless charging generally hikes up the internal temperature of the device and iPhone 8 rumoured to come with glass casing can take in a lot more heat than required.

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