LG to be Exclusive Supplier of Batteries for Next Year's iPhone?

LG Chemical will be the sole supplier of batteries for next year's iPhone, reports The Korea Economic Daily via CNBC.

"LG has invested hundred of billions of Korean won for related facilities and plans to start mass production from early next year," said a source. Notably, the battery for the 'iPhone 9' is reportedly bent at the bottom, making it an 'L-shaped' battery.

Apple typically uses a 'multi-vendor strategy' when sourcing components; however, it has sourced from just one supplier in the past. For example, TSMC is expected to be the sole supplier of the processors for this year's new iPhone and Samsung is expected to the exclusive provider of OLED display panels.





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