LG to supply flexible OLED displays for the iPhone XII in 2020
Those would increase the average selling price of LG's displays by 10% which is not an insignificant amount as far as these things go. Unfortunately, the number of OLED panels with the needed quality that LG's conveyor belts are currently able to churn out is not very large.
So far, LG panels have been used for repairs of the new iPhones, and with the inauguration of the E6 plant we might see some of the top quality batches make it in the 2019 iPhones. LG apparently won't be fully ready to supplement Samsung before the 2020 crop, however. According to Jeong Seo-hee, chief financial officer of LG Display:
In any case, with the help of Apple's credit lines, LG should quickly be able to ramp up production, as the team from Cupertino is in a desperate need of at least one more OLED screen supplier to avoid the monopolistic prices that Samsung is charging.