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Samsung reportedly plans to stop selling LCD displays to Apple

Samsung reportedly plans to stop selling LCD displays to Apple

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Samsung Semiconductor logo HQ San Jose stock 1024
Samsung Semiconductor logo HQ San Jose stock 1024

The recent rift between Samsung and Apple has widened thanks to fierce legal battles and rhetoric — the two companies otherwise share historically deep business relationships — but cracks in those business relationships are starting to show. According to a report from the Korea Times, Samsung plans to stop selling LCD displays to Apple next year, with an official saying that the company can't afford Apple's business. The official tells the Korea Times that "we are unable to supply our flat-screens to Apple with huge price discounts. Samsung has already cut our portion of shipments to Apple and next year we will stop shipping displays." The report indicates that Samsung is looking to Amazon to fill the gap, and that Amazon has increased orders for displays.

Today's news follows another recent report of diminished business ties between the two companies, which fought a heated legal battle over patents in court earlier this year. Reuters reported in September that Apple was cutting back on Samsung components for the iPhone 5, though dismissed the idea that the decision was based on legal animosity. While the decision to stop selling displays to Apple may also not be related to recent legal battles, the two companies seem to be creating mutual distance to protect their bottom lines.

Thanks, Stefan!