Apple to pay Samsung $250 per foldable iPhone sold under new supply deal

Apple has agreed to a three-year exclusive supply contract with Samsung for foldable display technology for its upcoming iPhone Duo, with reports indicating Samsung will earn $250 per device sold. The deal, worth approximately $2 billion in expected revenue, marks Apple’s capitulation to Samsung’s folding screen monopoly after other manufacturers failed quality testing. The agreement underscores Samsung’s dominant position in flexible display technology as major smartphone makers compete in the emerging foldable market.

Sources: Israel Hayom

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