Apple [AAPL] have signed a contract with Samsung believed to be worth $240 Million. The contract will see Samsung provide 3 million iPad displays to Apple. The deal is also believed to add more stability to iPad production in case of problems with the primary supplied.
The new deal will see Samsung become the second major supplied of 9.7 inch sized screens for the Apple iPad. The 3 million screens will be used over an unspecified amount of time. This is all according to a high-ranking industry representative who spoke to the Korea Times.
The Apple iPad screen is the most expensive part of the device and costs $80 regardless of which model it is put in. It’s twice the size of the iPhone screen but costs five times more due to the complexities required in building a larger capacitive touch screen as well as it having four times the amount of surface. [Read more…]