According to a recent report, Samsung has signed a new $4.3 billion deal with Apple to supply the company with OLED displays for future iPhones, including the highly anticipated iPhone 8.
We previously heard that Samsung had signed a deal with Apple to supply the company with 100 million OLED displays for its future handsets. This new deal is on top of the previous one, indicating a significant increase in Apple’s demand for OLED technology.
The Shift to OLED Displays
Apple is rumored to use an OLED display in one version of this year’s 5.5-inch iPhone 8 Plus. This move marks a significant shift from the traditional LCD displays that Apple has used in its iPhones for years. OLED displays offer several advantages over LCDs, including better color accuracy, higher contrast ratios, and more efficient power consumption. These benefits make OLED technology particularly appealing for high-end smartphones.
In addition to the iPhone 8 Plus, it is also rumored that Apple plans to switch to OLED displays for all of their iPhones in the next few years. This transition would align Apple with other leading smartphone manufacturers who have already adopted OLED technology for their flagship devices.
Samsung’s Dominance in the OLED Market
Samsung’s OLED displays are popular and are used in 95% of smartphones that come with an OLED display. This dominance in the OLED market is a testament to Samsung’s expertise and innovation in display technology. The company’s ability to produce high-quality OLED panels in large quantities makes it a valuable partner for Apple as it transitions to this new display technology.
The new $4.3 billion deal between Samsung and Apple underscores the importance of OLED technology in the future of smartphones. As Apple prepares to launch its new iPhone 8 range, the inclusion of OLED displays is expected to be a key selling point for consumers looking for the latest and greatest in smartphone technology.
Apple is rumored to be launching their new iPhone 8 range sometime in September. The iPhone 8 is expected to feature a range of new technologies and design improvements, including the OLED display, a new glass back design, and potentially even wireless charging capabilities. As soon as we get more details about the handsets, we will let you guys know.
The move to OLED displays is part of a broader trend in the smartphone industry towards more advanced and efficient display technologies. As consumers demand better performance and more immersive visual experiences from their devices, manufacturers are increasingly turning to OLED technology to meet these expectations.
The new $4.3 billion deal between Samsung and Apple highlights the growing importance of OLED displays in the smartphone market. With Apple planning to incorporate OLED technology into its future iPhones, consumers can look forward to improved display quality and more innovative features in the years to come.
Source The Investor, Sammobile
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