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LG Display Becomes Apple’s Second OLED Display Supplier

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Bloomberg reports that it looks as though LG Display has finally been successful in its bid to become Apple’s second supplier of OLED displays for the iPhone X, joining Samsung, which was, until this point, Apple’s sole supplier of OLED displays for iPhone X

Bloomberg says that there were two main reasons behind Apple wanting to add another OLED supplier to its roster. Firstly, it wants to lessen iPhone production costs, and secondly, it does not want to be solely dependent on Samsung for its supplies.

According to Bloomberg’s source, LG Display will initially supply Apple with between 2 million to 4 million units, as its ability to produce at high volume is still developing.

Although the initial OLED production run for LG is small in relation to iPhone X sales, it should be enough to help Apple persuade Samsung to drop its prices a little now that it no longer has the monopoly on OLED production.

“Securing a second supplier for OLED screens is crucial for Apple as it will allow the company to reduce its reliance on Samsung, which is currently the sole supplier,” Jerry Kang, senior principal analyst at IHS Markit told Bloomberg. “At the same time, it will help accelerate a broad adoption of OLED screens. More suppliers means more volume, and in turn, lower pricing.”

According to Bloomberg’s source, the first OLED screens to be produced by LG will be used in one of this year’s new iPhone models.

Source: Apple Gets Second Supplier for OLED iPhone Screens
 

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