The iPhone 8 will be a different smartphone to the other iPhones in the wild, according to several rumors. Already, we were expecting a smartphone encased in glass. The iPhone is also expected to come with the integration of wireless charging. Now, it appears as if Samsung will, yet again, play an integral part of delivering the next iPhone.
The two main suppliers of Apple: LG and Samsung
Last year, the Cupertino-based iPhone maker ordered 100 million OLED panels from Samsung Display for use in the iPhone 8, according to The Korean Herald. But, it is thought now that the order has been hiked to 160 million, which is worth an extra $4.3 billion to Samsung.
The sales of the iPhone remained above 200 million a year even when sales of the iPhone dipped in 2016. The best phones under 20000 mb in storage is a very competitive niche and is being heavily focused on. If this order by the Korean smartphone maker is to be believed, it will be relied upon for the bulk of the panels used in the next flagship iPhone. If the question is why the tech giant decided to increase the order, it could be because of the supply issue.
The iPhone making giant likes to source components for its products from a number of companies. By doing this, the risk ratio is reduced if one of the suppliers experience any issue in supply. In this case, it could be possible that one of the suppliers (of OLED panels) of the tech giant is not viable and the Korean-based smartphone maker has agreed to take the position of that supplier. Either that, or the iPhone making giant reviewed its sales forecast for the iPhone 8 and decided that it needed to make more of OLED panels. Now, if you are thinking who will manage the rest of the panel order of the tech giant, LG is expected to be the other big supplier of OLED panels.
The Korean smartphone making giant used OLED panels in many of its smartphones and can, hence, be relied upon to produce them in huge quantities and to the standards that the tech giant requires. This further demonstrates the production capacity of Samsung, which must cope with its own requirements as well as the huge order from the tech giant.
Apple CFO finally talks about overseas manufacturing
Recently, Apple CFO Luca Maestri was speaking to a Goldman Sachs conference where he answered a question in relation to overseas manufacturing. The Verge was the first to spot the conference, where Maestri said, “One of the points that we are making in Washington is the fact that we have been a very large contributor to the US economy during the last decade.”
The CFO Of the tech giant said that they have made billions of investments in the United States. They have created around 2 million jobs in the country in the last decade – in the developer community in their retail stores, in their call centers and through the supplier chain.