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It has long been speculated if LG Display will produce this year for the OLED 2018 iPhone line panels. Recently it has been said that LG Display can deliver 3 to 5 million panels this year. As a report from DigiTimes shows, the latest rumors have been confirmed. For example, LG Display has signed a contract with Apple for the supply of LCD and OLED panels for iPhones 2018. In addition, the cooperation is to be expanded in 2019.
The future of LG Display is Apple [19659004TheagreementprovidesthatLGDisplaywilldeliverabout20millionLCDsmartphonepanelstoApplethisyearthereportsayswhichalsoranksthenumberofOLEDpanelstobeprovidedbyLGintherangeof3to4million
In addition, the source claims that LG "probably" owns the majority of Apple's 6.5-inch panel orders. in 2019, bringing the company 's OLED shipments to 10 million units a year. LG will manufacture iPhone OLED panels at its E6 6G factory in Paju, Korea. Apple has already earmarked $ 2.7 billion for investments in LG's OLED panel production. The goal is for the Korean company to build an exclusive production line for iPhone orders under its agreement with Apple.
An Important Partnership
Apple plans to release two OLED iPhones later this year (5.8 and 6.5 inches) and a 6.1 inch iPhone LCD, bringing the LCD model as a cost-effective option alongside the two OLED variants more expensive. Apple's desire for LCD and OLED shipments comes at a crucial time for LG. The company reported a net loss of $ 98.3 billion ($ 87 million) in the first quarter of 2018.
It is currently unknown what the LG Apple agreement means for suppliers of electricity. Sharp LCDs and Japan Display, Over the past year, Japan Display has lost much of its revenue due to the OLED trend. For this reason, the manufacturer is trying to fund OLED conversion. If Apple is turning more and more to Samsung and LG Display for both types of panels, Japan Display should be in big trouble.
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