Apple to Invest $2.7 Billion in LG Display to OLED Panels for Future iPhones

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According to a new report out of South Korea today, Apple will invest $2.7 billion in a new OLED production facility with LG Display. The investment will basically serve as an advance payment for said OLED panels to be manufactured in the future

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Apple will be making an advance payment to LG and in return, it will be securing 45,000 units of LG 6.5 generation OLED panel on a monthly basis from 2019.

LG Display to build the organic light-emitting diode (OLED) displays that will cover the front of future iPhones. rumored that Apple will introduce a trio of new iPhone models later this year, including iterative iPhone 7s and iPhone 7s Plus models with LCDs and the so-called "iPhone 8" or "iPhone X" with an OLED display