| Monday, January 12 2009 |
LG Display has reached a long-term deal with Apple to supply flat panels to the iMac creator. The contract is for five years and as part of the agreement terms LG will receive payment of $500 million in advance from Apple sometime this month.
Source: Electronista
company spokesman Son Young-jun says. Currently, LG Display supplies about 70% of the displays used in all Apple products. LG Display declined to provide further details, and say if this number will grow in the future.
Although LG Display already had a relationship with Apple, the deal's duration and the size of the advance show that the two companies are involved in a long-term, strategic alliance,
Source: Electronista
User comments
It says "LED", does that mean OLED is not part of the agreement?
Edit: here's the SEC filing: http://www.sec.gov/Archives/edgar/data/1290109/000119312509004360/d6k.htm
Yet another edit, this one about Sony: http://www.youtube.com/watch?v=NcAm3KihFho
Edit: here's the SEC filing: http://www.sec.gov/Archives/edgar/data/1290109/000119312509004360/d6k.htm
Yet another edit, this one about Sony: http://www.youtube.com/watch?v=NcAm3KihFho
NOOOO not lg :(