A report from Korea suggests that Apple is allegedly owing Samsung “hundreds of billions of won” in penalties for not meeting the agreed quota in purchasing OLED displays. One hundred billion won translates roughly to $86 million, but the exact plural number has not been disclosed.

The reason behind this, implies the report, is Apple selling less iPhones than expected or predicted. This lead Apple to require less OLED panels from Samsung, falling short on the volumes agreed up0n.

The report also suggests that Apple is not likely to pay Samsung the penalties in cash. However, Apple could grant Samsung Display extra orders to cover the loss, which could very well mean, as other reports suggest, that it might turn to OLED panels for some of its upcoming laptops.

You May Also Like

Pocketnow Daily: Samsung Galaxy S11 SPOTTED In the Wild! (108MP Unique Camera) (video)

On today’s Pocketnow Daily, we talk about the real life leaked images of the Samsung Galaxy S11, the new OnePlus 8 Lite and more
Galaxy S10 Lite Note 10 Lite

We have the leaked prices for the Samsung Galaxy S10 Lite, Note Lite, A51 and A71

We are waiting for an official launch of the Samsung Galaxy S10 Lite and Note 10 Lite, but while we wait, here’s their rumored pricing

Amazon has great deals on the Pixel 4 XL, Surface Pro, 6 and more

Check out the latest deals from Amazon that include products from Google, Microsoft, GoPro and more