Samsung is Apple’s biggest rival in the smartphone market. No other company even comes close. They fight over everything, from patent rights to device hype. This is why the news of Apple ordering 70 million OLED screens from its Asian competitor is such a big deal, especially since it’s likely to be used for the iPhone 8.
The news was first broken by Nikkei, citing sources within the company that confirmed the order. The Asian publication also notes that based on the number of orders of the screens, Apple is expecting its next iPhone to be a huge hit and will likely sell like, well, iPhones. David Hsieh, the senior director at IHS Markit told the publication that this is pretty much what he expected.
"Apple has ordered 70 million units of OLED panels from Samsung this year, while Samsung is preparing to churn out as many as 95 million for Apple in 2017, in case demand exceeds expectations," Hsieh said.
He added that not all of the 70 million units might ship this year. Instead, the rest will be delivered next year, for the iPhone units that will be sold during the first quarter of 2018.
With regards to Apple’s decision to get its OLED screens from Samsung, the analyst says that this makes a lot of sense. Not only is the Korean company the most advanced in the field, it is also the only one capable of meeting the iPhone maker’s demand volume.
This order marks the first time that Apple will use OLED screens for its iPhone, ZDNet reports, marking the importance of the advanced screen technology for the future of smart devices. As for Samsung itself, the company has been using the screen for its Galaxy S8 and S8 Plus, which only adds to its impressive array of features, including facial recognition.


SpaceX CEO Elon Musk Denies Reports of $800 Billion Valuation Fundraise
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds
TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation
Intel Boosts Malaysia Operations with Additional RM860 Million Investment
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 



