LG Display to provide OLED panels for Apple’s iPhone 12 series

    Previous reports claimed that Samsung will provide most of the OLED panels for this year’s iPhone 12 series, but according to the latest report from Nikkei News, LG Display will also get a share, and Samsung’s orders are only a slight increase over previous years.

    Among the four new Apple devices to be launched this year, there are rumors that Samsung will provide displays for three models: the entry-level iPhone 12 at 5.4 inches, and the iPhone 12 Pro models at 6.1 inches and 6.7 inches. 

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    Samsung allegedly plans to ship 30-35 million displays for 5.4-inch models, and 15-20 million displays for 6.1-inch and 6.7-inch high-end models. At the same time, LG Display expects to provide 20 million displays for low-end 6.1-inch models .

    According to a Nikkei report, LG Display’s orders are 5 times the number of the previous year. This is great news for a department that has experienced losses for six consecutive quarters.

    LG Display believes that as its OLED panel factory starts to operate at full capacity, it will greatly improve its financial situation in the second half of the year.

    iPhone 12 LG DIsplay

    This is also a positive news for Apple, because Apple’s goal is to achieve supplier diversification. After failing to reach the estimated iPhone sales in the second quarter of 2020, Apple needs to pay Samsung an estimated $950 million in compensation fees because it failed to meet the procurement target. 

    According to reports, Apple supports LG Display’s OLED development partly to reduce procurement costs and weaken Samsung’s monopoly on OLED displays.

    LG Display provided Apple with an LCD panel for the iPhone 11 last year, but the yield rate of its OLED panel failed to increase, and it failed to fully meet the delivery target the previous summer, which allegedly angered Apple. 

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