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Apple Looking to Get in LG Display as Second Supplier for iPhone 2018 OLED s: Report

Apple Looking to Get in LG Display as Second Supplier for iPhone 2018 OLED s: Report 6t3n6o

By Ankit Chawla | Updated: 29 June 2018 18:22 IST

Highlights

Samsung is currently the sole supplier for iPhone OLED s
The move might end up reducing costs for Apple
Initially only about 2-4 million units are expected to be shipped

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Rumours in the past have suggested that iPhone models coming in 2018. This move is suggestive of an attempt to decrease dependence on Samsung for the s. e2c1q

The $1,000 (roughly Rs. 68,500) base price tag of last year's iPhone X was ascertained in large part due to price hike in the OLED displays procured from Samsung. The Cupertino giant will be looking to change that by getting leverage with a new supplier, LG Display. A Bloomberg report suggests that LG Display will initially ship between 2 million to 4 million OLED units, but continue to ramp up production towards becoming the marquee supplier.

Both Apple and LG are expected to benefit significantly from the deal. Apple will be able to set a lower price for its iPhone 2018 models, considering it took a hit in overall sales for the iPhone X owing mostly due to its hefty price tag. LG will be able to get a slice of the pie after the iPhone 2018 variants expectedly ship millions of units.

Bloomberg states that LG Display would be supplying s for one of the three iPhone variants to launch in 2018. Two layers of approval are required for collaboration, the first of which will be held around July. Back in February, Apple is believed to have been in talks with China's BOE Technology Group for a potential collaboration for iPhone OLED screens.

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