LGD Will Provide OLED Panels For Apple In The Second Half Of 2018

- Jul 14, 2018-

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According to South Korea's "Newspim" news network, LG Display has already signed an agreement with Apple, according to the agreement, LGD will begin selling LCD and OLED panels to Apple in the second half of 2018, in order to produce the next generation of iPhone devices.

LGD will provide OLED panels for Apple in the second half of 2018

Under the contract, LG Display expects to sell 3-4 million OLED panels and 20 million LCD smartphone panels to Apple in 2018. LG Display will produce the OLED panels required for the iPhone at the E6 6G plant in Paju.

As the E6 factory's yield rate increases, LG Display may ensure that most of Apple's 6.5-inch OLED panel orders will be in 2019, while at the same time, it will increase its OLED panel shipments to 10 million units this year.

The report also shows that the deal will also help LG Display improve its financial tightening, and pointed out that LG Display's net loss in the first quarter of 2018 was 98.3 billion won (about 87.04 million US dollars), and the second quarter loss is expected to increase to 1968. 100 million won.