Apple iPhone SE 2020. (Foto: Apple)
Apple According to insiders, Samsung has paid a contractual penalty of almost $ 1 billion – allegedly because iPhone sales are slumped.
Samsung had in the past week a jump in profits reported for the past second quarter. According to preliminary figures, the operating profit is said to have increased by 23 percent to 8.1 trillion won (around six billion euros) – pushed primarily by a one-time payment of the equivalent of 655 million euros to Samsung’s display division.
Apple: penalty payment for OLED panels?
Manufacturers like Apple are said to be responsible for this, who had to make compensation payments for less than agreed displays, as was initially said in various media. Samsung had not released any details on this itself. Like the industry portal displaysupplychain.com, citing insiders reported, the sum is said to be around $ 950 million (790 million euros). And Apple is said to have paid the payment for the alleged breach of contract alone.
According to displaysupplychain.com, Apple is said to have already paid a penalty of the equivalent of 900 billion won (655 million euros) in the second quarter of 2019 for purchasing fewer OLED panels than agreed. Even then, Apple was apparently able to sell far fewer smartphones than hoped. Now the corona pandemic could be caused by the April-Launch des iPhone SE strongly expected good sales.
Apple with decline in April
Apple should according to analyzes by market researchers posted a 19 percent drop in sales in April. For the first time, Samsung had to let Huawei enter the smartphone market. The South Korean company is said to have sold 27 percent fewer mobile phones in the past three months than in the second quarter of 2019, according to unchecked numbers Winfuture reports.
For more precise details on the current development, however, the market analyzes for the entire second quarter have to be awaited. Apple doesn’t release specific numbers on iPhone sales. In the first quarter of 2020, Apple continued according to Gartner 40.9 million iPhones off, 8.2 percent less than in the same period last year. However, the overall market collapsed by 20.2 percent during this period. Samsung and Huawei, which are ahead of Apple in the ranking, had to accept significantly higher declines (minus 22.7 percent and 27.3 percent, respectively).
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