News & Reviews: contract penalty

Apple had to pay Samsung USD 950 million for not buying enough OLED panels

Jul 14, 2020

Upon reading the title of this news, you must be thinking "why". But it seems that Apple had to pay Samsung a nice chunk of money as a penalty. Sources claim that Apple had to pay out a hefty USD 950 million (~RM4.06 billion) for not buying enough OLED panels in the Q2 of 2020.

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