The company is expected to change the course this year with the iPhone 8. It is believed to be the first iPhone of the company that owns an OLED panel. Samsung is likely to be the main supplier of panels as it has a virtual monopoly on the market.
However, it seems that Apple is willing to give billions of dollars to a Samsung competitor in order to reduce its confidence in the main rival.
According to reports coming from South Korea, Apple is close to finalizing a deal with LG Display, which will push the US company to invest up to $ 2.24 billion in the LG branch for screen production
Apple reportedly is making this investment so LG's branch can increase its small OLED panel production and exclusively supply OLED panels for the iPhone. The LG Display is reportedly considering the offer and may make a final decision on this issue in the coming weeks.
If Apple passes to the OLED display technology for iPhone, it will have to work with Samsung for a considerable time, as the company has a monopoly on the market.
Its offer to invest billions of dollars on LG Display can be seen as a long-term move to diversify supply chain so that eventually when all iPhone models go to OLED, the company does not rely solely on a major supplier of OLED panels
