Apple paid Samsung for a forfeit of nearly $ 700 million

news 06.07.2019 0 1 252

It turns out that due to the low sales of iPhone smartphones, not only the manufacturer suffers, but also competitors.

Apple paid Samsung for a forfeit of nearly $ 700 million

In particular, this applies to Samsung, which supplies OLED panels for the partner. For obvious reasons, the “apple” had to pay a large fine due to violation of the terms of the contract.


How much money was given?

Apparently, the leadership of the South Korean brand underestimated the decline, as did Apple. As a result, certain orders that were counting on did not live up to their expectations. If supplies were initially reduced, now Samsung has demanded payment of a penalty from the partner.

According to preliminary data, the amount is 683 million dollars. Despite the fact that at first they counted on 200 million. Amount transferred. It is worth saying that Samsung also loses profit, so compensation does not hurt at all.


Techno Rating » news »Apple paid Samsung for a fine of almost $ 700 million
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