LG Display has signed a contract for the supply of LCD matrices Apple

 
January 12, 2009, 3:58 pm

   In the world`s second-matrix LCD, the South Korean company LG Display said on a major contract for the supply of their products with Apple. The exact amount of the transaction is not disclosed, but its value can be measured by the advance of 500 million dollars, which must come from Apple`s accounts LG Display the current month. Although the company previously had a business relationship, but the conclusion of a new contract demonstrates the mutual understanding between the parties a long-term strategic alliance - said LG. According to estimates of analysts are now more than 70% of LCD displays for laptops and Apple display products of LG Display.
The market reacted to news the appreciation of the shares of LG Display at 3, 37%, against the backdrop of general decline in the amount of 1, 17%. Analysts predict further strengthen the position of the company`s shares, which should also contribute to the expected termination of the declining prices of LCD panels. Under the current arrangement of forces in the market, LG Display inferior in volume shipments sootechestvennitse Samsung Electronics, but ahead of their Taiwanese competitors - AU Optronics and Chi Mei Optoelectronics.

 

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