Apple paid Samsung $683 million for missing OLED display targets

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iPhone XS crazy performance means speed at your fingertips.
Samsung makes the displays for the iPhone XS and XS Max.
Photo: Ste Smith/Cult of Mac

Apple paid Samsung 800 billion won ($683 million) during the second quarter of the year. The payments covered the cost of display panels after Apple missed a sales target both companies had agreed on.

The cash influx represents a rare bright spot during a three-month period in which Samsung’s profits are forecast to plunge an overall 56%.

Sluggish iPhones sales leave Apple with surplus OLED problem

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iPhone X
The iPhone X was the first iOS device to get an OLED display.
Photo: Apple

Weak iPhone sales over the last two years could cause Apple to bring OLED displays to the iPad or MacBooks a bit earlier than expect.

Apple owes Samsung Display hundreds of millions of dollars because it agreed to purchase a certain amount of OLED displays per year. With iPhone sales in a slump, Apple hasn’t bought as many OLEDs as it promised but the two sides are reportedly discussing alternative solutions other than sending a giant pile of cash to Samsung.

This is what the 2020 iPhones might look like

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2020 iPhone
Concept of the 2020 iPhones based on early rumors.
Photo: Ben Geskin

The 2019 iPhone lineup hasn’t even been revealed yet but we might already know what next year’s iPhones will look like too.

Recent rumors have claimed that Apple will come out with new screen sizes for the 2020 iPhone lineup. The biggest iPhone will get a bit bigger while the smallest will get a little bit smaller. To see how that would look, Ben Geskin created a mockup of the upcoming devices, and they look fantastic.

Check out the size comparison with the current iPhones:

Struggling Apple display maker loses key investors

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iPhone XR test
Japan Display makes LCD displays for the iPhone XR.
Photo: Apple

Struggling Apple display maker Japan Display has received some bad news. TPK Holdings, a panel maker that also works with Apple, revealed that it won’t invest a proposed $230 million after all.

Japan Display has been on the search for companies willing to throw it a lifeline. TPK was part of a hoped-for $723 million bailout.

Apple display maker secures big bailout after renegotiating debts

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iPhone XR
Japan Display still makes LCD screens for the iPhone.
Photo: Apple

Apple supplier Japan Display is on the verge of finalizing a $729 million bailout after renegotiating its debts.

Apple has agreed to wait for money owed after it fronted the cost of a new Japan Display plant four years ago. Another client has agreed to halve the “pace of repayment,” according to reports.

Samsung screens could be packed into OLED MacBook Pro, iPad Pro

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MacBook-Pro-concept
What a future MacBook Pro might look like.
Photo: Viktor Kadar

Samsung will be at least one of the suppliers for future MacBook Pro and iPad Pro upgrades with OLED displays, according to a new report.

The South Korean company, which already supplies OLED screens for the iPhone, has reportedly provided Apple with sample panels ahead of big product refreshes — but there’s no word on when we’ll see them.

New report spills details of 2019 iPhone refresh

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iPhone 11 cameras
Look at the size of those cameras!
Photo: Macotakara

This year’s iPhone refresh may bring more than just a spec bump.

A new report claims Apple’s flagship devices will get even bigger to accommodate an additional camera sensor and the largest lenses ever in an iPhone. They may also be ever so slightly thicker than their predecessors.