Apple 'Likely' to Reimburse Samsung for Missing OLED Display Purchase Targets Due to Poor iPhone 12 Mini Sales

Apple is likely to reimburse Samsung Display over a shortfall in OLED panel orders owing to lower-than-expected demand for iPhone 12 mini models, according to The Korea Herald.

iphone 12 vs iphone 12 mini
Samsung's small OLED shipments dropped globally in January by 9 percent month-on-month to 45 million units, according to market data gathered by Omdia, which pins the decline on sluggish iPhone 12 mini sales. Apple is likely to compensate Samsung for the missed OLED panel purchase targets as a result, an industry source told the Herald:

"It is uncertain whether Apple would pay a penalty to Samsung Display, but considering its contract history and sluggish sales of the iPhone 12 mini, it is likely that Apple will compensate Samsung," an industry official said on condition of anonymity.

Samsung is the sole supplier of the 5.4-inch panel used in the iPhone 12 mini, the smallest model of Apple's 5G-supporting iPhone 12 series.

If the prediction turns out to be accurate, it would be the third time that Apple has had to reimburse Samsung for missing OLED display targets after saying it would buy a certain number of the panels from the South Korean company.

Apple reportedly paid Samsung an estimated $683 million in 2019 and approximately $950 million in 2020 for similarly below-par OLED panel orders.

Samsung remains the world's leading smartphone display panel vendor, and has provided the overwhelming majority of OLED panels for Apple's iPhones over the last few years.

According to Omdia, global OLED panel shipments reached 53 million units in January, and Samsung Display accounted for 85 percent of them.

Despite a barrage of reports this year suggesting lackluster iPhone 12 mini sales, Apple is expected to retain its smallest 5.4-inch iPhone model size in its forthcoming iPhone 13 lineup.

Tag: Samsung
Related Forum: iPhone

Popular Stories

Apple Intelligence General Feature

Apple Intelligence Features Not Coming to European Union at Launch Due to DMA

Friday June 21, 2024 9:44 am PDT by
Apple today said that European customers will not get access to the Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing features that are coming to the iPhone, iPad, and Mac this September due to regulatory issues related to the Digital Markets Act. In a statement to Financial Times, Apple said that there will be a delay as it works to figure out how to make the new...
Apple WWDC24 Apple Intelligence hero 240610

Apple Explains iPhone 15 Pro Requirement for Apple Intelligence

Wednesday June 19, 2024 4:48 am PDT by
With iOS 18, iPadOS 18, and macOS Sequoia, Apple is introducing a new personalized AI experience called Apple Intelligence that uses on-device, generative large-language models to enhance the user experience across iPhone, iPad, and Mac. These new AI features require Apple's latest iPhone 15 Pro and iPhone 15 Pro Max models to work, while only Macs and iPads with M1 or later chips will...
amazon echo dot

Amazon Could Charge Up to $10/Month for Alexa

Friday June 21, 2024 2:55 pm PDT by
Apple competitor Amazon is working on a revamp of its Alexa assistant, and the new version could cost up to $10 per month, according to a report from Reuters. The upcoming version of Alexa will support conversational generative AI, and Amazon is planning for two tiers of service. There will be a free tier and a second, premium tier that is priced at $5 at a minimum, with Amazon considering...
General Spotify Feature

Spotify Launches Cheaper $10.99/Month Premium Plan Without Audiobooks

Friday June 21, 2024 4:22 pm PDT by
Spotify today announced the launch of a new Basic paid plan that offers a small discount for dropping access to audiobooks. Priced at $10.99 per month, the Basic option includes all of the music benefits of Spotify like ad-free playback, but without added monthly audiobook listening time. The $11.99 standard Premium Individual plan that Spotify offers includes ad-free playback and 15 hours...
iPhone 16 Pro Max Generic Feature 2

5 Biggest Changes Rumored for iPhone 16 Pro Max

Wednesday June 19, 2024 5:00 am PDT by
Given Apple's rumored plan to add an all-new high-end tier to its iPhone 17 series in 2025, this could be the year for Apple to bring its boldest "Pro Max" model to the table — the kind of iPhone 16 upgrade that stands tall above its siblings, both figuratively and literally. If you have been holding out for the iPhone 16 Pro Max, here are five of the biggest changes rumored to be coming...

Top Rated Comments

jonnysods Avatar
43 months ago
Apple please don't drop the Mini! Rework it as an SE or something, I love the form factor.
Score: 24 Votes (Like | Disagree)
2ilent8cho Avatar
43 months ago

This is the problem with listening to small very vocal groups, not just for Apple but for the world. Twitter/Forums/Reddit are not representative for anything.
It's not like the mini has not sold. Some do want a smaller iPhone, i am one of those, is it really that difficult for a company the size of Apple to offer 3 sizes of phone and keep them up to date annually? Thats all i want.
Score: 24 Votes (Like | Disagree)
dz5b609 Avatar
43 months ago
This is the problem with listening to small very vocal groups, not just for Apple but for the world. Twitter/Forums/Reddit are not representative for anything.
Score: 22 Votes (Like | Disagree)
sdz Avatar
43 months ago

This is the problem with listening to small very vocal groups, not just for Apple but for the world. Twitter/Forums/Reddit are not representative for anything.
They priced that thing wrongly. Plain and simple. Battery weak, price too steep.
Score: 19 Votes (Like | Disagree)
Rob__Mac Avatar
43 months ago
I would actually love an iPhone Pro Mini - the most important feature for me is the camera.
Score: 14 Votes (Like | Disagree)
LunarDog Avatar
43 months ago
It's all my fault! I was planning to buy a 12 mini, but my 1st gen iPhone SE is still working like a charm.

Maybe I'll go for iPhone 13 mini, if it has a minijack for my earphones.

I know, I know, it's time to switch to lightning earphones or those fancy "blue tooth" thingies, but I won't be able to use them with my old iPod.

So maybe it's Apple's fault for making indestructible devices.
Score: 12 Votes (Like | Disagree)