Samsung Display Co. set up a deal with tech giant Apple to supply the company with organic light-emitting diode or OLED panels for the next-generation iPhone. Samsung Display, which focuses on developing display products, technology and solutions, is a subsidiary of Samsung Electronics. 60 million units are going to be provided by the South Korea-based company.

Apparently, this deal is already the second deal that was secured between the sides. Some time last year, both sides signed an arrangement that will see Samsung Display supply 100 million OLED panels for the upcoming iPhone. With 200 million units of the iPhone were sold in 2016, just the 160 million displays will make up about 80 per cent of all shipments. It should be noted that Apple and Samsung are yet to provide public commentary about the matter.

The upcoming iPhone 8 is expected to come in three versions. The one that will cost the most is also set to have a 5.5-inch OLED display. On the other hand, the other two will still come with the standard LCD panels.

Apple was supposedly restricting OLED to only a few iPhones in 2017, as the Cupertino-based company wanted to use the display panels supplies from non-Samsung suppliers. It seems Apple is also preparing to slowly transition to OLED displays. Meanwhile, Apple's rival Samsung has already been applying OLED displays in a lot of the company's products. In fact, the South Korean company is leading in all things related to OLED tech.

This year would mark the 10th anniversary of the Apple iPhone's original debut some time in 2007. Apple's next generation device, which is named the iPhone 8 has been said to feature some interesting stuff like OLED screen, edge-to-edge display, no home button and wireless charging. Even if Apple is expected to remove the Home Button, it will be providing a fingerprint sensor technology underneath the glass display.