According to a new report from ET News (via Reuters), Apple is close to signing a final agreement with LG Display and Samsung to provide OLED panels for future iPhones.
The OLED panels are rumoured to be included with iPhones starting in 2018. The two Korean companies plan to spend around $12.8 billion combined to build up OLED production capacity over the next two to three years.The report notes that Apple is likely to provide some funding to both LG and Samsung to help with their investments. Additionally, LG plans on converting existing LCD production lines into OLED production lines to reduce cost. On the other hand, Samsung is said to produce 30 percent fewer orders than LG.
Last month, Nikkei reported that Apple plans to switch iPhones over to OLED displays starting in 2018, with both LG and Samsung sharing a large portion of OLED panel production. LG was already planning capacity upgrades for high-volume OLED screen production that would be required for iPhone demand.
OLED displays can provide sharper images and brighter colours compared to LCD displays. However, OLED displays tend to have shorter lifespans and come with higher manufacturing costs. Apple has been working closely with manufacturers to minimize a lot of these issues.