Apple reaches $2.6 billion agreement for Samsung to supply OLED panels in 2017

A new report from the Korean Herald suggests that Samsung and Apple have proposed a deal which Samsung would supply more than 100 million OLED display units to Apple beginning in 2017.

The report from the Korean Herald and many other reports similar to this have suggested also that Apple plans to switch to OLED panels beginning in 2017.

The agreement between Samsung and Apple is reportedly worth around $2.59 billion, both companies are expected to maintain the agreement for three years. However, the report makes no mention of Samsung providing any 4.7-inch panels. Obviously, Samsung declined to confirm the deal to reporters, meeting expectations for its privacy policy.

Under the deal, Samsung Display will supply around 100 million units of 5.5-inch panels annually, with the value being estimated at 3 trillion won ($2.59 billion). Samsung Display, an affiliate of Samsung Electronics Co., declined to confirm the deal, citing its privacy policy.

Rumors in regards to Apple's iDevice displays have been picking up a bit of heat. A report last month suggested that Apple would be switching to the OLED panels in the 5.5-inch iPhone. Other reports have states Apple is aiming to use OLED technology by 2018 or 2019 however it’s looking more promising that we will see the first OLED iPhones in 2017, obviously nothing is for certain until Apple officially makes an announcement.

KGI analyst Ming-Chi Kuo said that Apple would entirely revamp its iPhone lineup in 2017. Ming-Chi Kuo said that Apple would switch to a device with a “completely new form factor design” with more narrow bezels and a “more comfortably grip” and an all-glass design like the iPhone 4/4s.

The report also noted that Apple was considering a 5.8-inch model, as well as wireless charging.