July 8th news, according to the Korean media thelec report, LG and BOE reached an agreement, in the future LG products equipped with small OLED screens (such as mobile phone screens, etc.) will be provided by BOE; and LG's LG Display, will only produce large OLEDs in the future Screens (such as computer monitors) no longer provide screens for their own phones.
According to the report, when LG mobile phones use their own OLED screens, there will be problems such as high cost and insufficient supply. In order to cut costs and optimize the supply chain, LG decided to abandon its own mobile phone screen and switch to BOE. It is reported that the upcoming LG's first 5G mobile phone LG V50 ThinQ will use the BOE screen.
According to relevant information in 2018, Apple is the main purchaser of LG Display's display screen, accounting for 57% of the total supply. Currently, Macbook, Apple Watch and other products are provided by LG Dislay, and iPhone X series and later mobile OLED screens are provided by Samsung.
From the current situation, LG mobile phones will no longer use their own screens and turn to BOE, the largest customer Apple will also adopt more Samsung screens, LG's more important screen sales. Therefore, its screen production business may be affected by this adjustment.Zhang Yifeixx