The iPhone X was the first ever phone from Apple to sport an OLED panel and the company reached out to Samsung to supply the panels for its devices. Samsung is the sole supplier of OLED panels for the iPhone X and was expected to make around $22 billion in revenue from its deal with Apple for the next-gen iPhones.
Local reports suggest that Samsung and Apple are in negotiations over the price of the OLED panels, with Apple asking for price cuts for those panels. Since Samsung has excess production capacity, Apple has bargaining power to demand better prices from Samsung. It’s speculated that Apple paid $110 per OLED panel last year and Apple now wants to bring down the price to around $100 per panel this year, industry sources have claimed.
