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08-14-2011, 06:11 AM #1
Samsung Benefits As Apple Decreases LG iPad 2 Display Orders
Samsung Electronics has reportedly benefited from Apple reducing its iPad 2 display orders to LG as some of the previous batches of iPad 2 displays LG has delivered have suffered quality problems.
The news comes via DigiTimes which says industry sources have told them that orders for 9.7-inch iPad 2 displays have been diverted from LG to Samsung and Chimei Innolux.
According to the industry-monitoring publication, LG’s iPad 2 displays order was a million units short that the firm’s original goal for July.
DigiTimes’ sources have told the publication that the lesser order from Apple will be felt by LG particularly via a lower fiscal third quarter revenue.
The decrease in iPad 2 displays ordered from LG comes after LG-made iPad 2 displays apparently failed drop tests by Apple.
The publication says that LG, after switching to its new “6G LCD plant”, targeted four million units a month but sources say that production is only at 2.5 to 2.6 million units.
On the other hand, Samsung is said to be producing two million iPad 2 displays per month surpassing its one million production goal.