Apple's orders fall down | Google did not invest, LGD ADR hit a new low in 2016

Thomson Reuters reported that LG Display stated in its statement submitted to the Exchange on May 8th that it has strengthened its strategic alliance relationship with Alphabet Inc.’s company Google on the stable supply of panels and new product development. LGD and denied that it has obtained Google's 1 One trillion won (about $9.2915 billion) of direct investment.

The Wall Street Journal quoted a person familiar with the matter on April 20, reporting that Apple Inc. is currently unable to determine whether LGD could become the second OLED panel supplier for the new iPhone. The current OLED panels used by iPhone X are all from Samsung. Electronic display panel department. The report pointed out that the manufacturing end may cause LGD to fail to meet schedule.

According to the analysis of Fomalhaut Techno Solutions, the cost of each iPhone X is about 376 US dollars, of which up to 97 US dollars for the OLED panel. Informed sources, Apple will launch 3 iPhones this fall, there are two (6.5 inch, 5.8 inch panel ) For OLED panel models. Apple plans to produce about 100 million new iPhones this year, about half of which will use OLED panels.

LG Display ADR fell 1.32% on May 8th, closing at US$ 10.48, the lowest level since June 27, 2016; it has fallen 23.84% so far this year.