Samsung Display to terminate Apple deal

Samsung Display said that it will terminate its contract with Apple and no longer supply liquid crystal display (LCD) panels to its longtime partner.

The news comes as speculation is mounting over a rift between the two firms that have shared a long relationship in electronic components. The display panel manufacturer plans to completely cut its years-long business ties with Apple as it believes its American partner is no longer a cash-generator due to the iPhone maker’s stiffer supply-chain management structure. Apple has been lowering its reliance on Samsung-manufactured displays for use in its popular i-branded devices as it is leveraging its influence to source components from Samsung’s rivals attracted by better pricing.