By Christian Zibreg on Oct 23, 2012
A newspaper report yesterday by a South Korean media outlet spread like a wildfire across the blogosphere. It has been asserted that Samsung, Apple’s fierce rival in mobile and its major supplier of components, will cease selling displays to the Cupertino, California iPhone maker, reportedly because Samsung’s components arm dubbed Samsung Display no longer sees Apple as “a cash-generator due to the iPhone maker’s stiffer supply-chain management structure”. Now it appears Samsung has basically denied the story and asked The Korea Times newspaper to revise its false report… Read More
By Ed Sutherland on Oct 22, 2012
More fallout from Apple’s patent lawsuit win against Samsung: the South Korean company’s LCD arm will stop selling displays to the Cupertino, California iPhone maker. The reason? Samsung Display no longer sees Apple as “a cash-generator due to the iPhone maker’s stiffer supply-chain management structure,” a South Korean newspaper reports.
“We are unable to supply our flat-screens to Apple with huge price discounts,” a senior Samsung source was quoted Monday. To make up for the lost business, both Samsung’s own handset unit and Amazon are upping their orders from Samsung Display, the source said… Read More
By Christian Zibreg on Jul 13, 2012
Apple’s key components provider Samsung which supplies, among other items, Retina panels for the new iPad, agreed along with other defendants to settle a price fixing class-action lawsuit for a whopping $1.12 billion.
Samsung has agreed to pay $240 million, AU Optronics will pony up $170 million, Toshiba will pay only $21 million and LG Display will settle for $380 million in damages.
This settlement – the largest consumer class-action price-fixing settlement ever - is in addition to previous settlements from ten manufacturers and prison terms for some executives, The Wall Street Journal reported… Read More