LG's Display division produces 3 times more screens for the iPhone than its own smartphones
A new report by iHS-owned DisplaySearch, published earlier today, claims that LG's Display division has climbed up to the second spot on an important rank list: that of manufacturers supplying panels to Apple for the iPhone. Apparently, the South Korea-based company's displays accounted for 34.5% of total global iPhone shipments in Q1, or 24.2 million units, leapfrogging Sharp's 29.6%. The number one panel supplier is now JDI Display, with a share of 35.9%.
A rather boring statistic, it's nevertheless curious to note that the report also made a painful observation: LG is by far the most dependent of the three on Apple, with nearly 75% of all the screens it produces going to the Cupertino tech giant. This means that only a quarter of what LG makes actually goes into its own products, and if even that. That's because the company likely supplies a number of other gadget makers as well, so the real number is probably even lower.
Despite this somewhat sad reality, LG Electronics still shipped enough smartphones in 2014 to ensure its continued place among the big boys — it ranked 5th according to Gartner, behind Huawei (4th), Lenovo (3rd), Apple (2nd), and Samsung (1st) in terms of sales volume.
via: BusinessKorea
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