Why LG may have to pay $1.4 billion to stop making OLED screens for iPad Pro | News World

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LG Display is reportedly shifting its production focus from iPad Pro screens to iPhone screens. This move comes from the Korean tech giant due to lower-than-expected demand for the 2024 iPad Pro with its OLED display.
According to a report by The Elec, this move which is estimated to cost LG $1.4 billion will allow the company to repurpose the existing iPad Pro production line to manufacture iPhone screens instead.
Despite the investment, LG Display expects to save money and increase its iPhone screen production capacity by 15,000 units per month. The company originally invested $2.3 billion in the iPad Pro screen production line.

Why LG needs to change the process

The iPhone and iPad Pro screens differ not only in size but also in manufacturing processes. For example, the iPad Pro…more

Source timesofindia.indiatimes.com

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