Apple iPhone 16 series sales decline, LG Display department faces challenges

According to Global Tech news on October 2nd, the initial sales of Apple's latest iPhone 16 series globally fell short of expectations, causing a significant impact on the display manufacturer LG Display. Market analysts predict that LG Display's performance in the second half of 2024 may be affected as a result. It is reported that LG Display has a high dependence on Apple in the supply chain, making its performance more susceptible to fluctuations in iPhone sales. Meanwhile, although Samsung's display department ships panels to Apple twice as much as LG, its diversified business supplying screens to multiple companies results in a relatively smaller impact. Foreign media reports that LG Display's performance data in the second half of 2024 is closely watched by the market, as it will directly influence the company's future development direction and strategic adjustments. As an important client of LG Display, any changes in Apple's product sales could have a significant impact on LG Display's financial situation