Apple Reportedly Must Pay Samsung For Selling Too Few Iphones
Apple reportedly owes Samsung ‘hundreds of billions of won’ for selling too few iPhones … ZDNet explains: 100 billion won is around $86M, so hundreds plural would be at least $170M, possibly more. The penalty goes back to Apple’s insistence that Samsung Display build a facility to exclusively manufacture OLED displays for the iPhone. Apple had told Samsung Display it would need 100 million OLED iPhone displays a year. But a slump in iPhone sales had a knock-on effect for Samsung Display, which saw its operating profits halve in a year, falling from 5....