Samsung Display signs $4.3 bn OLED panel deal with Apple

Samsung Electronics' display manufacturing arm, Samsung Display, has reportedly finalized a deal with Apple to supply 60 million OLED panels for the upcoming iPhone. This is the second deal we are hearing between the two companies as previously a 100 million OLED unit deal was signed.There have been numerous rumours that Apple is planning to launch the new iPhone in 2017 with an OLED display panel. There is no confirmation as to which version, but the deals with Samsung confirms that atleast one variant will utilise an OLED display.According to Apple’s financial results, 200 million iPhones were sold in 2016 and the combined 160 million displays, are expected to make up 80 percent of all shipments. Rest of the units would probably be sourced by other display makers. A number of sources also claim that Apple will launch a special premium OLED display equipped iPhone which could sell for as much as $1000.Previously we heard Apple analyst Ming-Chi Kuo hinting at a curved OLED display on the upcoming iPhone. This could be similar to the one used by the Samsung Galaxy S7 edge.Nikkei on the other hand reported that the upcoming iPhone’s chassis would be similar to that seen on the iPhone 4 with a slab of glass on the back as well.