LG Signs 5 Year Deal With Apple

As reported by Reuters, LG the world's second-biggest maker of LCD screens, has signed a 5 year LCD supply deal with Apple.

"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 an LG spokesman.

"LG Display's panels already represent more than 70 percent of Apple's notebooks and monitors," notes an analyst at HI Investment & Securities.

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