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.
Popular Stories
It is now August, and that means the iPhone 18 Pro and iPhone 18 Pro Max are just a month away. The devices are expected to look similar to the iPhone 17 Pro and iPhone 17 Pro Max, but there will still be many year-over-year changes, with rumored features including a smaller Dynamic Island, 5G via satellite, and more.
Apple is expected to unveil the iPhone 18 Pro, iPhone 18 Pro Max, and a...
The upcoming iPhone 18 Pro Max will be equipped with a nearly 12% larger battery compared to the iPhone 17 Pro Max, according to an apparent leak.
An alleged photo of a battery pack for a Chinese model of the iPhone 18 Pro Max with a SIM card tray lists a capacity of 5,391 mAh, up from 4,823 mAh for the equivalent iPhone 17 Pro Max battery. The photo was shared on the Korean platform Naver...
We're a little over a month away from the launch of iOS 27, and Apple is continuing to make changes. The fifth beta of iOS 27 changes the look of some app icons and adjusts Liquid Glass, plus it adds some smaller features that make the iPhone just a little nicer to use.
App Icons
There are updated Liquid Glass icons for Safari, Siri, Settings, Remote, App Store, and Preview. Some of the...
