Samsung and LG to provide iPhones OLED Displays

Apple’s iPhone OLED Displays will be supplied by South Korea’s LG Display Co Ltd and the panel-making unit of Samsung Electronics Co Ltd as reported by ETNEWS on wednesday. The report comes after years of speculation that Apple will start using the next-generation technology in its phones. OLED screens are thinner and offer better picture quality than the mainstay liquid crystal display screens.

Earler last month reports from Japan’s Nikkei newspaper came that Apple plans to start using OLED screens for iPhones starting in 2018.  Now LG and Samsung will spend a combined $12.8 billion(approx) to revamp their production lines. It will also introduce a sixth-generation production technique that has yet to be tested in order to process a greater yield.

Samsung Displays will be allotted with 30% more supplies than LG Displays because it already has systems that can mass-produce Smartphone OLEDs right away. It is currently discussing with Apple about supplying 90,000 sheets per month for 2 to 3 years. Although LG and Samsung didn’t comment on these reports.