According to analysts speaking to Reuters, Samsung was reimbursed about 800 billion won ($684 million) by Apple because the US company, which uses Samsung’s OLED screens in its iPhones, missed a sales target that had been agreed upon.
Samsung Electronics expects its second-quarter operating profit to have more than halved from a year previously, falling about 56 percent to 6. 5 trillion won ($5. 56 billion), according to earnings guidance released by the company today.
Samsung doesn’t provide full explanations along with its earnings guidance, but analysts suggest the Huawei crackdown could have had a significant impact on Samsung’s critical chip business.