Apple pays Samsung estimated $950M for missing OLED purchase targets

By news@appleinsider.com (Malcolm Owen) Apple may have paid Samsung Display in the region of $950 million, analysts believe, a hefty penalty paid out for not buying enough OLED panels to meet a contracted minimum amount.iPhone 11 ProAs with many firms in the iPhone supply chain, Apple has agreements to make a minimum purchase of specific goods or services, typically to achieve a specific price per unit that both companies are happy to work with. In cases of lower-than-expected demand, changes in orders could mean Apple misses purchase targets for components, which in turn leads to financial penalties….

Source:: Apple Insider

      

Deals: Amazon slashes Apple’s 16-inch MacBook Pro to $1,999, AirPods dip to $215

By news@appleinsider.com (Christine McKee) In what is the lowest price ever recorded on Amazon, the e-commerce giant has quietly issued a bonus in-cart discount on Apple’s 16-inch MacBook Pro, bringing the price down to $1,999. Or opt for a loaded 8-core model for $2,849 ($350 off) today only. AirPods are also on sale for $214.99 while supplies last.New Apple price dropsThe …

Source:: Apple Insider

      

Morgan Stanely sees ‘iPhone pot of gold’ driving AAPL to $419 per share

By news@appleinsider.com (Mike Peterson) Morgan Stanley has raised its AAPL price target to $419, suggesting that Apple upgrade and trade-in programs could help the company unlock an “iPhone pot of gold.”An iPhone 12 mockup compared to an iPhone 11.In a research note to investors seen by AppleInsider, lead analyst Katy Huberty says that iPhone users are currently sitting on nearly $147 billion in trade-in value with the potential to “fund 41% of iPhone purchases over the next three years.”…

Source:: Apple Insider