Apple

Samsung received $683 million from Apple for unfilled orders of iPhone OLED panels

As we previously reported, Apple is on the hook for missing contractual purchasing obligations concerning Samsung-built OLED display panels bound for iPhones. According to Samsung's earrings guidance released Friday, the Galaxy maker has actually received a cool $638 million from the Cupertino firm during the June quarter after Apple couldn't fulfill its previously agreed-upon purchasing order volume and no middle ground could be found.