Report: Samsung to terminate Apple LCD contract

Samsung Display will terminate its existing LCD supply contract with Apple, reports The Korea Times. A senior Samsung source said the company has already reduced its LCD shipments to Apple, and will stop shipping displays entirely next year. Samsung — which no longer believes Apple is a “cash-generator” due to its rigid supply chain structure — plans on shipping more displays to its company’s own handset division, and to Amazon. This move follows a recent report that Apple plans to stop using Samsung’s technology in its devices.

Updated Oct. 23: According to CNET, Samsung is refuting The Korea Times report. A Samsung spokesman said, “Samsung Display has never tried to cut the supply for LCD panels to Apple.”

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