“Apple has chosen LG Display as its [second] OLED panel supplier,” The Economic Times reports. “LG Display and Apple agreed on amount of yearly supply and LG Display’s position as the second supplier of OLED panel.”

“This is why LG Electronics recently announced that it will invest into 6th generation flexible OLED line within its new plant called P10 located in Paju,” The Economic Times reports. “As LG Display has become Apple’s OLED supplier followed by Samsung Display, it is likely that they will compete against each other in order to secure more supplies from Apple.”

“‘[The] reason why LG Display decided to make investments that will produce 45,000 OLED panels per month is because it wants to minimize any risks when Apple decides to be conservative regarding OLED panels,’ said a representative,” The Economic Times reports. “Production capacity of 45,000 6th generation flexible OLED panels per month is equivalent to yearly production of 53.46 million 6-inch Smartphones. Even if yield is at 60%, 32.07 million OLED iPhones can be manufactured in single year.”

Read more in the full article here.

MacDailyNews Take: The more competition in the OLED space, the better!

SEE ALSO:
Apple to invest $2.70 billion in LG Display’s OLED production – July 28, 2017
Samsung’s profit may top Apple’s for the first time ever – thanks to Apple – July 27, 2017
Apple has invested at least $1.7 billion in LG Display’s OLED production, sources say – July 26, 2017
Apple and LG Display plan to derail Samsung’s OLED expansion plans – July 25, 2017
Apple supplier LG Display to take on Samsung as it lifts OLED investment – July 25, 2017
Apple is likely to switch to in-house displays – July 24, 2017
Apple sets up OLED panel R&D line in Taiwan to reduce reliance on Samsung Display – July 24, 2017
Apple in talks with LG Display for up to $2.62 billion investment in OLED iPhone display lines – July 3, 2017
Samsung is building the world’s largest OLED plant to supply Apple’s iPhone – June 30, 2017
Samsung to supply OLED displays for Apple’s 5.28-inch iPhone 9 and 6.46-inch iPhone 9 Plus – May 30, 2017
Next-gen iPhone’s OLED display puts blue spotlight on Japanese supplier – April 24, 2017
Apple signs two-year contract with Samsung for up to 92 million OLED iPhone displays – April 7, 2017
Apple orders 70 million OLED panels for next-gen flagship iPhone – April 3, 2017