Apple Signs A $240 Million Contract For iPad Displays From Samsung

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Apple has agreed to a 3-year, $240 million deal with Samsung to lock down 3 million displays for iPads, Apple Insider reports via Korea Times.

Apple also has a big, long deal with LG for displays. But by signing up a new supplier, Apple can — in theory — create competition in the market and ensure it’s not dependent upon one company.

A loose-lipped Samsung executive also says the company is working on a contract to supply panels for the next generation of iPhones.

We wonder if there will be any blow-back from Apple. The company is notorious for keeping its suppliers in check and insisting on absolute secrecy.

See Also: Reuters Reporter Assaulted While Investigating Apple’s Top-Secret China Suppliers

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