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LG Display has signed an agreement with Apple for the delivery of LCD and OLED panels for the company's 2018 iPhones, according to a new report from Korea newspaper spin (about Digitimes).

Under the terms of the agreement, LG Display will ship approximately 20 million LCD smartphone panels to Apple in 2018, according to the report, which also specifies the number of LG-supplied OLED panels in the range of 3 to 4 million balls previous rumors,


In addition, the report claims that LG will "probably" receive the majority of orders for an Apple 6.5-inch panel in 2019, which will increase the company's OLED deliveries to 10 million units a year. LG is reportedly producing the OLED panels for the iPhone at its E6 6G plant in Paju, Korea.

Apple is expected to launch this year two OLED iPhones (5.8 and 6.5 inches) and a 6.1-inch LCD iPhone, the LCD device in addition to the two more expensive OLED devices than cost-effective option to be positioned.

Currently, it is unclear what the reported LG Apple deal for LCD providers Sharp and Japan display means, the latter is trying raise millions through the allotment of third parties and the sale of assets to provide the necessary funds to deliver LCD screens to Apple's new iPhones.

Japan Display lost last year due to Apple's move to OLED, and since the company wants to invest in LCDs again, there could be problems in the future, should Apple increasingly turn to Samsung and LG for both types of panels.

Digitimes Previously claiming that Apple will be looking for 60 to 70 million LCD panels for its iPhones this year, it is unknown if this number is for the new 6.1-inch model alone. Apple has already reserved 2.67 billion US dollars are to be invested in the OLED panel production of LG, with the Korean company, which under its agreement with Apple developed a production line specifically for iPhone orders.

Apple's desire for LCD and OLED accessories comes at a crucial time for LG. The company recorded a net loss of $ 98.3 billion in the first quarter of 2018 (US $ 87 million), with the loss ratio for the second quarter expected to almost double.

LG's financial constraints also highlight the importance of avoiding a repeat of the company's OLED errors, as they occurred in the Flex and G-Flex 2 phones released in 2013 and 2015. Both smartphone displays were often criticized at the time for showing graininess and brightness variations that occurred last year in LG's own V30 and Google Pixel 2 XL.

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