LG Display +4.1% on iPhone OLED panel report
LG Display shares are up 4.1% after this current morning's report that Apple will change to OLED screens for the greater part of the current year's iPhone models.
Apple utilized Samsung as its sole OLED provider in the iPhone X yet had would have liked to bring LG Display on as a moment provider to bring down expenses and the danger of creation delays.
In April, the WSJ announced that LG was encountering troubles getting its OLED boards delivered in cell phone estimate without trading off quality. The creation issues made LG fall behind the normal large scale manufacturing plan for iPhones.
The shares of Japan Display Inc. and Sharp Corp. fell after South Korea’s Electronic Times reported that Apple Inc. has decided to use next-generation screens for all of its new models next year.
If true, Apple’s move would be negative for JDI and Sharp, which have so far been unable to mass produce OLEDs and currently supply LCD screens. Samsung Display Co., part of Samsung Electronics Co., has so far been the sole provider of organic light-emitting diode displays for use in iPhones. JDI shares fell as much as 21 percent, the biggest intraday drop since its 2014 market debut. Sharp declined as much as 4.1 percent, while Samsung was down 1.7 percent.