Beijing time on the evening of September 14th, Reuters today quoted South Korea's "Electronic Times" (Electronic Times) news that LG Display was selected as the second OLED screen supplier of Apple's iPhone.
Apple released three new iPhones in the early hours of Thursday, two of which use OLED screens. According to South Korea's "Electronic Times" quoted people familiar with the news, LG Display's flexible OLED panel recently passed Apple's quality test and was selected as the second supplier of iPhone OLED screen.
Previously, Samsung Display was the sole supplier of iPhone OLED screens. In response, LG Display declined to comment, and the representative of the Apple Korea office has not yet commented.
Analysts say that if LG Display really wins an iPhone OLED screen order, it will help LG Display gain more share in the OLED market. For the OLED business, LG Display has always had high hopes.
LG Display's current main business is LCD display panels, but with the rise of Chinese competitors and the decline in panel prices, LG Display is facing serious challenges in this market.
LG Display announced at the end of July that the company's plan to build a new OLED panel manufacturing plant in Guangzhou, China, has been approved by the Chinese government. The new Chinese plant will be built through a joint venture. The registered capital of the joint venture company is 2.6 trillion won (about 2.33 billion US dollars), and LG Display will hold 70%.
But the plant produces large-size OLED panels for television and electronic billboards. LG Display said that once the new plant in Guangzhou is mass-produced in the second half of next year, its monthly output of large-size OLED panels will increase from the current 60,000 to 130,000.