LG to Supply Screens for Apple's new iPad :Source
Flat screen maker LG Display Co Ltd is supplying touch-screen panels for Apple Inc's new iPad, a source close to the matter said on Wednesday, helping its shares recover early losses. Bloomberg reported earlier that Samsung Electronics Co Ltd was the sole supplier for the new iPad after LG and Japan's Sharp Corp failed to meet the US company's quality requirements, quoting an analyst from research firm iSuppli. "LG is also in a panel supply deal with Samsung for the new iPad," the source said. The source was not authorized to speak to the media and declined to be identified. Apple is expected to raise its spending on mobile displays by 91 per cent this year to $9.0 billion to make iPhones and iPads, according to iSuppli, providing a big source of revenue to Asian suppliers. LG Display, which has supplied panels for the previous iPad models along with Samsung, declined to comment. Shares in LG Display, which vies for the title of the world's top flat-...