Samsung is hoping to bring in a ton of cash on their Galaxy S8
Samsung is pretty upbeat about their Galaxy S8 after their huge Galaxy Note 7 disaster. It is their first ever major mobile test and they hope, their Galaxy S8 will bring a ton of cash. The South Korean company is pretty excited about the Apple iPhone 8’s arrival in 2017 that will be the first Apple’s smartphone having an OLED screen.
A South Korean new site stated that the company is looking forward to expand the OLED production. According to the sources of site, Samsung will most probably spend around $ 8.9 billion alone on the expansion of OLED production. It is observed that their decision is motivated by the Apple’s decision to move to the OLED technology. After Apple set the tone of OLED in the mobile market, it is expected that other phone makers will also follow this lead in the near future. However, for many years Samsung has been using OLED screens in their Galaxy-branded handsets.
For many years, Apple also pushed LCD technology in its iPhones. When compared with other market rivals, the OLED displays of Samsung Galaxy S and Note models received the excellent reviews. Currently, they have captured more than 95% of the market as an OLED iPhones supplier. When it comes to overall production, Samsung has a huge advantage in their OLED display production lines.
In the coming years, Samsung is looking to keep the Apple’s display business. The company is also expected to provide OLED screens to other smartphone companies. According to some reports, some Chinese smartphone companies are also looking to utilize OLED screens in their upcoming high-end smartphones. Samsung is using OLED screens in 70% of its phones those are not just the high-end mobile sets.
Recent reports also mentioned that Apple and Samsung have inked at least two OLED display contracts. These contracts are signed for a sum of 160 million OLED panels. Apple has agreed to pay $4.3 billion for the South Koren company’s 60 million OLED displays. This clearly shows that Samsung is ready to commit a lot of money to upgrade its OLED production capacity in the world market.