Apple has reportedly paid Samsung Display subsidiary a hefty amount of around KRW 900 billion ($764 million) in the second quarter of this year. The reason behind is that the Cupertino tech giant failed to purchase the agreed-upon amount of flexible OLED screen panels for the iPhones. The Cupertino tech giant allegedly had signed a contract for 100 million OLED screen panels at around $70 a piece from the South Korean tech giant. However, most of these panels were never used due to low iPhone sales and a significant amount of iPhone screen orders were never acquired by Apple.