LG Display to Spend More on Next-Gen Screens as Apple Shifts
- Outlook gloomy for this year but second half will improve
- Like Samsung, the company is exploring foldable displays
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LG Display Co. will jack up investment on next-generation mobile screens as top customer Apple Inc. prepares to adopt ultra-thin, power-saving screens for iPhones as early as 2017.
Business conditions this year are worsening as iPhone sales slow and competition with Chinese panel suppliers intensifies. That’s why the world’s largest maker of liquid-crystal displays needs to shift investment to screens powered by organic light-emitting diodes (or OLEDs) as its rivals begin to make headway in the nascent market, Chief Executive Officer Han Sang Beom said.