LG stops production of LCD screens for iPhones as reports of phone business exit swirl
Earlier today, it was reported that LG was contemplating an exit from the smartphone industry, thanks to the dwindling shipment figures over the years and a long spell of losses. Now, another report coming out of South Korea suggests that the company has also pulled the plugs on making smartphone LCD panels, a large chunk of which was once destined for iPhones before Apple finally went all-in on OLED panels. Interestingly, LG reportedly stopped the production of LCD panels at one of its key assembly lines back in the third quarter of 2020. Instead of phones, LG Display will focus on mak...