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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: LG Display signs LCD supply deal with Apple Reuters - Monday, January 12 SEOUL - South Korea's LG Display said it had signed a deal to supply LCD panels to Apple Inc for five years. The world's second-biggest maker of LCD screens did not disclose the total size of the deal but said in a filing to the Korea Exchange that it would receive a $500 million advance from Apple this month. "Although LG Display already had a relationship with Apple, the deal's duration and the size of the advance show that the two companies are involved in a long-term, strategic alliance," said Son Young-jun, a spokesman for LG Display. Shares in LG Display were up 3.37 percent at 24,550 won at 0034 GMT, outperforming the wider market's 1.17 percent drop, but analysts were quick to discount the impact of the announcement. "LG Display's panels already represent more than 70 percent of Apple's notebooks and monitors," said Park Sang-hyun, an analyst at HI Investment & Securities. "The share performance may be due to the fact that the decline in panel prices is not expected to continue," Park said, referring to the steep price drops the LCD industry has experienced this year in the wake of the global slowdown and an industry oversupply. LG trails domestic rival Samsung Electronics Co Ltdin the LCD market but ranks ahead of Taiwan's AU Optronics Corp and Chi Mei Optoelectronics Corp. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Personal Technology LG Display signs LCD supply deal with AppleReuters - Monday, January 12 Shortcovers turns iPhones into electronic booksAFP - Sunday, January 11 Palm crowns comeback at CES with 'Best in Show' awardAFP - Sunday, January 11 Polaroid reinvents itself with instant digital cameraAFP - Saturday, January 10 Related Articles: Technology Glitz stripped from Consumer Electronics ShowAFP - Monday, January 12 LG Display signs LCD supply deal with AppleReuters - Monday, January 12 First Internet car radio a hit at consumer electronics showAFP - Monday, January 12 GPS child locator lets parents know their whereaboutsAFP - Monday, January 12 US-TECH SummaryReuters - Monday, January 12 Related Full Coverage Personal Technology Mobile phones & personal gadgets All Full Coverage Most Popular – Technology Viewed Britain's Prince Harry apologises for racist language Israeli troops push deeper into Gaza's main city Is Tintin gay? Cartoon birthday boy dogged by rumours Swiss bank set to announce record loss: report Kate Winslet wins Golden Globe supporting actress View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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