Apple would pay a colossal amount to Samsung because of poor iPhone sales, which shows us that even when things go wrong for the Koreans, or their partners, the company still makes serious amounts of money.
Apple would pay 950 million dollars to Samsung due to the fact that it did not buy enough OLED screens as specified in the contract with the Korean company, so it spends money even if it does not.
Apple usually concludes very advantageous purchase contracts with various other companies, but in them some quantities of ordered products are specified so that the prices are low, and when they are not reached, there are also penalties.
“Samsung reported that its operating profit estimate included a one-time gain related to its display business, according to a report from wsj.com, but did not disclose the amount. Last week theelec.net reported that Samsung Display collected KRW 900 billion from Apple for purchasing fewer OLED smartphone panels than needed, but DSCC sources suggest the payment is closer to USD 950 million.”
