Apple to pump $2.7 billion in LG Display to secure OLED panels for future iPhones

July 28th, 2017   decode   Android 7.1

According to a new report out of South Korea today, Apple is investing KRW 3 trillion (about $2.7 billion) in LG Display. The point of this is to ensure a stable supply of OLED panels for future iPhones, the ones coming in 2018 and beyond. We’ve already heard that Apple plans on going OLED-only for its handsets starting next year, and this sort of confirms that.

The investment will basically serve as an advance payment for said OLED panels to be manufactured in the future. Apple has long been rumored to have made a deal with Samsung for the OLED screen of the iPhone 8 coming this year, but…

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