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Apple refunds $ 683 million to Samsung for lower than expected sales

Of the two, one: or Apple I had too much expectation for the sale of the XS and XS Max iPhones, or sales of the company's flagship smartphones were actually very low.

I say this because during the second quarter of this year, Ma reimbursed 800 billion wons (about $ 683 million) Samsung after failing to reach the OLED screen sales target that both companies had agreed upon.

In other words, Apple originally said it would buy a number of displays from the South Korean giant, but disappointing sales of the new XS and XS Max iPhones did not contribute to the deal.

The figure, released by Reuters, was announced today by Samsung, which predicted a fall in operating profits in the second fiscal quarter but some occasional gains like Apple's helped exceed analysts' expectations.

Forecasts also pointed out that between April and June this year, Samsung's operating profits fell 56% to 6.5 trillion wons (~ $ 5.6 billion). Overall revenue should have fallen by 4.2% over the previous year, reaching 56 trillion wons (~ $ 48 billion). Official numbers will be released at the end of this month.


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Image: https://www.apple/shop/buy-iphone/iphone-xs

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iPhone XS and XS Max

in Apple

Price: Starting at R $ 6,569.10Installment Price: in at 12x of R $ 608,25Colors: space gray, silver and goldCapabilities: 64GB, 256GB or 512GBRelease: September 2018

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via AppleInsider