Samsung has denied claims that it is on the brink of ending its agreement to supply LCD panels to arch-rival Apple.
The Korea Times quoted an unnamed “senior source” within Samsung as saying the company was looking to break off the deal by the end of the year as it was no longer financially lucrative.
The report claimed Samsung “believes its American partner is no longer a cash-generator due to the iPhone maker's stiffer supply-chain management structure”.
Today, however, Samsung is labelling the report as “100 percent false” and has called on the Korea Times to publish a correction.
“Samsung Display has never tried to cut the supply for LCD panels to Apple,” a spokesperson told CNET earlier.
Even if the story is completely without basis, it's no surprise that it gained widespread traction in the tech media so quickly.
As the two dominant forces in the mobile industry right now, Apple and Samsung have seen their relationship steadily deteriorate over the past couple of years, culminating in the awarding of $1bn in damages earlier this year when the US courts found Samsung to have infringed on a swathe of Apple patents relating to the iPhone and iPad.
Apple's continued expansion has seen the company look beyond just Samsung to supply its display panels, while other recent reports have alleged Apple is now having the processors it uses in its mobile devices manufactured elsewhere.