LG Can’t Meet Flat-Screen Demand for iPads
LG is having trouble keeping up with the number of flat-panel orders it’s receiving from Apple for the iPad, the company said this week. This delay is responsible for slowed sales worldwide of the device.
The South Korean company -- a major supplier of flat screens used in Apple's iPad and iPhones -- said it could potentially meet the demand of orders by the second quarter of next year, according to a Dow Jones report.
"Apple is ordering more and more displays but it isn't something we can be able to respond quickly," Chief Executive Kwon Young-soo said Thursday. "I am not sure whether we can be able to meet orders from other companies for similar products, but we will be able to supply the displays without fail...by the second quarter of next year."
LG Display also said that it is gearing up to invest $512 million to build a new production line that can produce mobile displays used in iPads and similar products. This aims to address the issues surrounding the limited supply of small displays used in smartphones and tablet PCs, the report said.
This line is expected to be operational by the end of 2011.