LG to supply flexible OLED displays for the iPhone XII in 2020
LG is being fast-tracked to become Apple’s second OLED display supplier for the iPhone XII models in 2020, breaking Samsung’s current monopoly. The E6 line in its Korean factory has reportedly been cleared for operation, and Apple hoped to get whatever quality yield LG can muster.
Those would increase the average selling price of LG’s displays by 10% which is not an insignificant amount as far as these things go. Unfortunately, the number of OLED panels with the needed quality that LG’s conveyor belts are currently able to churn out is not very large.
LG Display’s large-scale investments in the past three years will be visible in the third quarter. We will launch a new mobile flexible OLED plant, and the first OLED production there will begin in the third quarter.
In any case, with the help of Apple’s credit lines, LG should quickly be able to ramp up production, as the team from Cupertino is in a desperate need of at least one more OLED screen supplier to avoid the monopolistic prices that Samsung is charging.