Apple Signs Contract With Samsung
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Apple has most likely sold a lot of iPads during the pre-order period and apparently expects to sell a lot more because it has signed a three-year, $240 million deal with Samsung in order to secure three million displays for the iPad.
Samsung is not the only company that has signed big, long-term deals with Apple. LG has been supplying Apple with displays for some time now. By signing with multiple suppliers, Apple can ensure that it is not dependent on just one company to supply displays.
According to a Samsung executive, Apple and Samsung are allegedly working on a contract for supplying displays for the next generation iPhone. The executive probably was not supposed to leak this information, so it remains to be seen if the notoriously secretive Apple will be angry over this news becoming known.
Via Forbes, image via Apple.