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Apple inks 5-year, $500 million display deal with LG
AppleInsider —
... to the South Korea-based electronics manufacturer sometime this month in exchange for a guaranteed supply of LCD screens for Macs and/or handheld products over the next 5 years. LG, which sits behind Samsung as the world's second-largest maker of flat panel displays, already supplies Apple with 70 percent of its LCD panels, HI Investment & Securities analyst Park Sang-hyun told Reuters . He expects prices for the parts, which have been falling rapidly during the recent global slowdown, to pick up in the near future. The strategic agreement between Apple and LG is ...
LG Display to provide LCD panels to Apple for five years
Macsimum News —
... South Korea’s LG Display say it’s signed a deal to supply LCD panels to Apple for five years, reports Reuters. The world’s second-biggest maker of LCD screens didn’t isclose the total size of the deal but said in a filing to the Korea Exchange that it would receive a US$500... ...
Apple signs deal with LG for display supply
CNET News - Apple —
... Apple has signed a five-year deal with LG Electronics to secure a supply of LCD displays.
Reuters reports that LG has received $500 million as a down payment on the deal, which ...
News: Mix: AAPL Q1, LG, Arcade Bowling, Chipotle
iLounge | All Things iPod, iPhone, iTunes and beyond —
... . LG Display has signed a deal to supply Apple with LCD panels for the next five years. The company did not disclose the total size of the deal, but said in a filing to the Korea Exchange that it would receive a $500 million advance from Apple this month. “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,” said Son Young-jun, a spokesman for LG Display. It is unknown whether any of the displays are planned for use in Apple’s portable media ...
South Korea’s LG signs 5-year LCD supply deal with Apple, nets $500 million advance
MacDailyNews —
... a $500 million advance from Apple this month," Han reports. "'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,' said Son Young-jun, a spokesman for LG Display." "'LG Display's panels already represent more than 70 percent of Apple's notebooks and monitors,' said Park Sang-hyun, an analyst at HI Investment & Securities," Han reports. Full article here . [Thanks to MacDailyNews Reader "James W." for the heads up.] ...
