Apple and LG Sign Five-Year Deal for Displays
According to a regulatory filing made today by LG, the display manufacturer has signed a five-year deal to provide LCD panels to Apple, a deal that includes an upfront payment by Apple of $500 million. Reuters cites analyst comments that LG currently supplies displays for 70% of Apple's computer products, so the new deal suggests a strengthening of the existing relationship that should bring long-term price and supply stability.
"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.
The deal appears similar to ones announced in November 2005 in which Apple agreed to pay $1.25 billion upfront to a number of flash memory manufacturers as part of long-term supply agreements.Top Rated Comments
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40 months ago
About time. :) Apple's Cinema Displays are OLD! It's been, what, two years since the last price adjustment for their 30" displays!?!@!
40 months ago
Back when Apple signed the deals to secure NAND memory, I thought it was brilliant. I'm less sure about this deal. It seems like there are new display technologies on the horizon that may jeopardize this investment in the second half of the term (OLED, etc). If a new display technology comes along and is not adopted by LG, Apple will be out a good chunk of money.
40 months ago
Does samsung also make the glass for the iphones?
Or is that a different company?
Is so, apple is securing LCDs in much the same way they secured RAM before the iphone onslaught.
(think tablet size screens too.)
BUT THE PREEEEE!!!!!
This will never stop the PREEEE! from eating apple's iLunch!!!!!!
:rolleyes:
Or is that a different company?
Is so, apple is securing LCDs in much the same way they secured RAM before the iphone onslaught.
(think tablet size screens too.)
BUT THE PREEEEE!!!!!
This will never stop the PREEEE! from eating apple's iLunch!!!!!!
:rolleyes:
40 months ago
Good news I think, lets hope we get to see some new cinema displays soon. My 30 inches is looking so dated and the screen just doesn't look as crisp as my alu imac's screen. The 30 inches looks far less crip and seems grainy (anti-glare coating??)
40 months ago
Yikes. $500m up front.
Let's hope LG are as good of a partner as Intel have proven to be.
Let's hope LG are as good of a partner as Intel have proven to be.
40 months ago
9to5mac.com have pointed out the fact that LG have 3d displays. I'd love to see Apple do something with those.
http://www.9to5mac.com/LG-Apple-displays
By coincidence I picked the 3d display and corresponding glasses as one of my CES highlights on a blog article. I think it will be quite big in the next couple of years.
It would be nice to see Apple at the forefront of this action.
http://www.9to5mac.com/LG-Apple-displays
By coincidence I picked the 3d display and corresponding glasses as one of my CES highlights on a blog article. I think it will be quite big in the next couple of years.
It would be nice to see Apple at the forefront of this action.
40 months ago
Drop in the bucket for Apple; we should be seeing immediate benefits of this five-year relationship. Now I'm in the market to replace my 24" ACD...:p
40 months ago
$500 million up front, yeah that's a lot of money for our standards, but these are billion dollar companies. And at least they seem to pay upfront, not like other companies that drag down the payments ;):apple:
40 months ago
This is reminiscent of their big investment in Samsung a number of years ago.
http://news.cnet.com/2100-1040-229154.html
I wonder what became of that?
http://news.cnet.com/2100-1040-229154.html
I wonder what became of that?
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