|Bid||8.68 x 1800|
|Ask||8.69 x 1400|
|Day's range||8.67 - 8.77|
|52-week range||7.77 - 17.05|
|PE ratio (TTM)||6.23|
|Forward dividend & yield||0.23 (2.84%)|
|1y target est||11.28|
Apple Inc. is close to getting its first batch of organic light-emitting diode screens from South Korea’s LG Display Co., according to people familiar with the matter, a key step in the U.S. company’s push to reduce iPhone costs and its dependence on Samsung Electronics Co. The initial volume will likely be between 2 million and 4 million units, small relative to Apple’s sales, as LG continues to work on ramping up capacity, said one of the people, who asked not to be identified because the matter is private.
LG Display says it's close to starting OLED screen production at a new factory in Guangzhou, China https://bloom.bg/2lx7xYl #tictocnews (Source: Bloomberg)
LG Display Co. is close to starting OLED production at a new factory in Guangzhou to sell more of the next-generation screens, even as Chinese rivals gear up to enter the market. The Korean display maker will each month manufacture 130,000 OLED plates (which are divided into screens) once it gets China’s go-ahead for the expansion of the plant, according to Kang In-byeong, LG Display’s chief technology officer. Another facility north of Seoul will probably make OLEDs as well, while LG is winning orders to make screens for premium carmakers for models next year, Kang said.
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Analysts are pouring cold water on a report that Apple Inc. plans to use next-generation, OLED screens for all of its new iPhone models next year. The article in South Korea’s Electronic Times, if true, would be negative for major manufacturers like Japan Display Inc. and Sharp Corp., which build LCDs that are used in many phones, but a positive for OLED technology makers like Universal Display Corp. Japan Display shares fell as much as 21 percent, the biggest intraday drop since its 2014 market debut. Representatives for Apple, JDI and Sharp declined to comment.
Apple (AAPL) is doing small-scale manufacturing of advanced displays at a secret facility near its headquarters in California, according to a Bloomberg report. The company is specifically building MicroLED displays, which are an advanced development over current OLED displays.
LG Display Co.’s first operating loss in six years came amid a decline in panel prices. Deficits at the operating and income levels weren’t a complete surprise -- analysts had been trimming their forecasts over the past few weeks and were starting to predict a loss at the South Korean firm. In the first quarter of this year, prices touched $522, but LG Display posted a 98 billion won operating loss.
Reportedly, Apple has started producing its own device displays, which may be a cause for concern for its screen makers and chip-screen interface producers.