Apple Will Lose IDR 13.8 Trillion If It Doesn't Meet Samsung's Target

Ilustrasi Apple (Image by Matias Cruz from Pixabay )

JAKARTA - In the midst of the corona virus pandemic that is sweeping the world, Apple has to pay a fine to Samsung of 950 million US dollars or the equivalent of Rp. 13.8 trillion. Because they cannot meet the minimum purchase amount for the OLED screen panel ordered from Samsung.

Quoting Apple Insider, this happened when Apple had to be forced to close a number of its physical stores in various countries due to the impact of the COVID-19 pandemic. This condition has an impact on the decline in the number of sales and production of the iPhone which has dropped dramatically. Including ordering OLED panel components supplied from Samsung.

Due to the number of orders not in accordance with the agreed contract value, Samsung experienced a decline in revenue in the second quarter of 2020. The loss record was known from the sales sector of OLED display panels.

The amount of fines or penalties that Apple has to pay to Samsung is estimated at 950 million US dollars. This means that if Apple does not reach the minimum purchase of the contract agreed upon, Samsung can impose fines or penalties.

This is also not the first occurrence for Apple, when it could not pay the minimum order from its suppliers. In July 2019, Apple was forced to pay $ 683 million to Samsung for not meeting the purchase target of the OLED display panel ordered.

On the other hand, Apple itself is preparing the iPhone 12 which is scheduled to be released in September 2020. It is said that the iPhone 12 will use an OLED display panel to display clearer and sharper colors.

However, due to the impact of the COVID-19 pandemic, the mass production activities of the iPhone 12 were forced to delay. Where Apple has to cut the number of parts supply to produce the iPhone 12.

The number of smartphone sales has dropped drastically, during the corona virus pandemic also had an impact on consumer purchasing power. To reduce prices, Apple is rumored to be selling the iPhone 12 without a charger and AirPod in the sales package.