|LG Display, Apple's foldable phone panel development 'cruising well'|
LG Display is in the process of developing a folding (foldable) display to be supplied to Apple. Apple is expected to launch a foldable iPhone in 2023.
According to UBI Research on the 16th, LG Display and Apple started joint development of foldable organic light emitting diode (OLED).
On this day, Lee Choong-hoon, CEO of UBI Research, said, “Apple has entrusted LG Display with its own patents related to foldable OLED. LG Display is continuing its development tasks.”
The foldable panel that the two companies are collaborating with is an in-folding method that folds inward. A technology that makes the folded part thin by an etching process is applied. The size is estimated to be around 7.5 inches.
Previously, LG Display supplied foldable panels for laptops to Lenovo. It is still for smartphones. LG Display is said to have also formed an organization related to cover windows that protects foldable displays last year.
In the meantime, Samsung Display has been leading the foldable market. Starting with the 'Galaxy Fold' released by Samsung Electronics in 2019, it exclusively supplied panels such as the 'Galaxy Z Flip' and 'Galaxy Z Fold 2'. Samsung Display will also be in charge of the next foldable phone that Samsung Electronics will be unveiling in August.
The industry expects Apple to release a foldable product around the next year or so. Apple relied heavily on Samsung Display in the existing smartphone OLED field. Recently, we have dualized our partners with LG Display. Foldable also plans to lower the proportion of specific companies through LG Display.
Meanwhile, in the second half of this year, China's Xiaomi, Oppo, and Vivo, and the US' Google will also release foldable phones. As more products are released, the foldable market itself is highly likely to expand. According to market research firm Omdia, foldable display shipments in 2021 are estimated to be around 13 million units. This is two to three times higher than the previous year.