Apple Inc. is a global technology corporation headquartered in Cupertino, California, specializing in consumer goods, computer software, and internet services. According to revenue (which is expected to reach $365.8 billion in 2021), Apple is the biggest information technology firm in the world. As of January 2021, it is the most valued corporation globally, the fourth-largest PC vendor by unit sales, and the fourth-largest smartphone maker. This company, along with Amazon, Alphabet (Google), Meta (Facebook), and Microsoft, is one of the Big Five American information technology corporations (IT businesses).
Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne to build and market Wozniak’s Apple I personal computer, Apple has grown to become the world’s largest computer company. Like Apple Computer, Inc., it was founded in 1977 by Jobs and Wozniak, and sales of their personal computers, including the Apple II, increased rapidly. It went public in 1980 and became an immediate financial success. The company launched numerous computers with unique graphical user interfaces throughout the following several years, including its first computer, the Macintosh, unveiled in the highly acclaimed advertising “1984”, directed by Ridley Scott. However, the company’s high production costs, restricted application library, and power disputes among its leaders were a source of contention. In 1985, Wozniak and Jobs left amicably, and Jobs started NeXT, bringing with him other Apple workers along with him.
The market for personal computers developed and changed during the 1990s, with Apple losing significant market share to the lower-priced duopoly of Microsoft Windows on Intel PC clones and Apple Macintosh computers. The board of directors hired CEO Gil Amelio, who, during his 500-day tenure, transformed the faltering firm into a model for long-term success via major reforms, product focus, and layoffs.
In 1997, Amelio purchased NeXT to address Apple’s failed operating-system strategy and bring Jobs back to the business; Jobs later took over as Amelio’s replacement. Apple was able to re-establish profitability using a variety of strategies. First and foremost, a revitalized campaign dubbed “Think Different,” followed by the introduction of the iMac and iPod. It launched a retail network in 2001, known as the Apple Stores, and has purchased a slew of firms to widen its software offering over the years. The iPhone was introduced in 2007 to widespread critical acclaim and significant commercial success with all features like share and transfer files. Jobs resigned from his position in 2011 due to health issues, and he passed away two months later. Tim Cook was appointed to take over as CEO in his place.
Labor policies of its contractors, environmental standards, and corporate ethics, particularly anti-competitive activity and materials sourcing, have all been the subject of substantial criticism for the corporation. Apple became the first publicly listed U.S. Corporation to be valued at more than $1 trillion when valued at more than $1 trillion in August 2018. Two years later, it became the first firm to be valued at more than $2 trillion, and in January 2022, it became the first corporation to be valued at more than $3 trillion. Apple boasts a high degree of brand loyalty among its customers, and the firm is rated as the world’s most valuable brand; as of January 2021, there are 1.65 billion Apple devices in use worldwide.
LG OLED Panels
LG Display is a leading producer and provider of thin-film transistor liquid crystal display (TFT-LCD) panels, organic light-emitting diodes (OLEDs), and flexible displays around the globe. LG Display has its headquarters in Seoul, South Korea, and now maintains nine fabrication sites and seven back-end assembly facilities in Korea, China, Poland, and Mexico. LG Display is a leading provider of display solutions. LG Display was founded in 1999 as a joint venture between the Korean electronics business LG Electronics and the Dutch company Philips to make active-matrix liquid crystal displays (LCDs). Before becoming LG Display, the company was known as LG Electronics and Philips.
Philips LCD was developed. However, Philips sold off all of its stakes in the company in late 2008. A second joint venture, dubbed LG.Philips Displays was established by both businesses to manufacture cathode ray tubes, deflection yokes, and other associated materials such as glass and phosphors for use in television sets. According to a press release issued on December 12, 2008, LG.Philips LCD intends to change its corporate name to LG Display if it’s the annual general meeting of shareholders votes in favor of the move on February 29, 2009. Specifically, LG claims that the name change symbolizes the company’s business scope development and business model diversification, the shift in corporate governance after Philips’ equity investment decrease, and LG’s commitment to increased responsible management.
The firm has eight production facilities in South Korea, located in Gumi and Paju. In addition, it has module assembly facilities in Nanjing and Guangzhou, China, and Wroclaw, Poland. After being listed on both the New York Stock Exchange (NYSE: LPL) and the South Korean Stock Exchange (KSE: LPL), LG Display officially became a separate business in July 2004. IPS panels, invented by Hitachi and utilized by companies like Dell, NEC, ASUS, Apple (including iMacs, iPads, iPhones, iPod touches, and others), are among the most widely distributed licensed makers of color-accurate panels. The European Union fined LG Display €215 million in December 2010 to participate in a price-fixing conspiracy involving LCDs.
In addition to Chimei Innolux, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display Corp., a total of €648.9 million in fines were levied against several other corporations. LG Display has said that it is contemplating filing an appeal against the punishment. Earlier this year, three Korean companies pleaded guilty and paid $585 million in criminal penalties in connection with a conspiracy to set the pricing of liquid crystal display panels in the United States. LG Display Co., Chunghwa Picture Tubes, and Sharp Corp. were all charged in that case. LG Display would pay a criminal fine of $400 million and the second-highest criminal penalties ever levied by the Antitrust Division of the United States Department of Justice. In addition, according to the Department of Justice, Chunghwa will pay $65 million for conspiring with LG Display and other unidentified corporations, while Sharp would pay $120 million for the same offense.
LG OLED Panels for Apple’s 2024 iPads
A recent report has disclosed several fascinating details regarding Apple’s iPad range for the next year. According to reports, new iPads will be equipped with OLED displays, provided by well-known display manufacturer LG Display. In an article published by ETNews, the South Korean supplier is said to be the one who would provide Apple with OLED screens for its iPad. Apple is situated in Cupertino, California. According to the source, LG is ready to begin producing these OLED displays by expanding its manufacturing facility in Paju, South Korea. It is anticipated that the increased manufacturing capacity will be for OLED panels in the mid-to-small size range, which will be used in the next generation of iPhone and iPad models.
Notably, according to the source (via MacRumors), the launch of OLED panels represents a significant potential for LG Display, owing to the device’s aspect ratio and the size of the device’s display. As of right now, competing providers of the brand cannot adjust to these proportions as readily as they would otherwise be. Another rumor, on the other hand, suggests that BOE is also in the running to be one of the suppliers of OLED panels for the next generation of iPad models. Because LG plans to begin commercial production of OLED displays at its Paju manufacturing facility next year, the first iPad with an OLED display will likely hit the market sometime next year. To reiterate, this is still unverified information, so proceed with caution; nonetheless, it is consistent with our earlier findings. So keep checking back for additional information.