Cuts Both Ways
Apple + Samsung = Ouch
The world's two biggest smartphone makers duke it out, only for one to have to sign another a big fat check for a product it can't get elsewhere.
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Terrible news hit Imagination Technologies Group Plc and its shareholders Monday as the British chip designer learned it won't be able to rely on the Apple Inc. gravy train for much longer.
That supplier risk cuts both ways. According to Nikkei, the iPhone maker has ordered 70 million organic light-emitting diode panels from Samsung Electronics Co. That's not quite so revelatory, with Bloomberg's Mark Gurman and Jungah Lee reporting back in November that Apple Wants OLED in iPhones, But Most Suppliers Aren't Ready.