Apple pays Samsung $770 million display penalty and ‘doesn’t trust Korean suppliers’

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Samsung reported surprisingly good Q2 earnings last week, considering the slump in demand around many of the industries it covers, and now we know why. Remember the rumors that Apple had reportedly ordered 100 million OLED panels it signed a contract for but a lot of those were never used due to the tepid iPhone demand cycle?

Apple allegedly signed a contract for a 100 million screen panels at about $70 apiece, making iPhone displays the most expensive part in them by far. Those were the days when Apple hoped its unique Face ID technology will be gobbled up by iOS users …

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