The production line for iPhone LCDs was not profitable in terms of profitability
LG Display has ceased production of liquid crystal displays used in the iPhone. The factory that produced these panels has switched to the production of automotive displays.
According to TheElec, the South Korean technology giant has stopped production of LCD displays for the iPhone at its AP3 line in Gumi in the third quarter of last year, and by the fourth quarter of 2020, the company stopped producing LCD panels for other smartphones. It’s worth adding that the iPhone LCD production line was marginally profitable for LG Display.
It is worth adding that all models of the new iPhone 12 line have completely switched to OLED panels. Sales of iPhones with OLED panels are expected to exceed sales of models with LCD screens this year. For now, Apple will continue to use LCD panels in the iPhone SE 2020, which will be supplied by JDI and Sharp.
The company’s AP3 line will now focus on automotive display panels. We’re talking about LTPS TFT panels, an improved version of standard TFT panels. These LTPS TFT panels are becoming more and more popular in the new car models that are being released lately.
Today, the CEO of the company confirmed the rumors that there will be serious changes in the mobile division.