LG said in a regulatory filing: "As for the agreement to supply OLED panels for the iPhone X, everything has not yet been finalized, and when the details are confirmed, we will announce it or announce it within a month."
LG clarified industry speculation at the request of South Korean regulators South Korean media reported LG has signed a supply agreement with Apple to supply OLED panels for iPhone X. Informed sources said LG is in the Paju E6 plant is iPhone X installed production equipment.After the installation, production from about June, Apple supplies 60 million OLED panels.
Apple sells about 200 million smartphones a year, and Samsung Display is currently Apple's sole supplier of OLED screens, claiming it has signed an agreement to supply 67 million OLED panels for the iPhone X.
For the past 10 years, LG has been a reliable partner for Apple to provide LCD panels for Apple, but for the iPhone X, Apple signed the first OLED panel supply agreement with Samsung.
For LG, the partnership with Apple, which has accelerated its investment in OLED panels for smartphones in the near term last month, announced that it will invest in OLED panels for TVs and mobile devices in the next three years 15 trillion won (about 13.7 billion US dollars), and for the production of intelligent machine OLED panel set aside 10 trillion won.
Last month, LG CFO Kim Sang-don said during a conference call that the company expects to double its OLED panel sales for TVs and mobile devices next year.
According to a report by market research firm IHS Markit, the global market for intelligent machine OLED panels has been growing at an average annual rate of 23.5% over the past five years, and the market for smart panel OLED panels is expected to double to $ 28.4 billion next year.