Apple Is Said to Get Second Supplier for OLED Used in iPhones

The video discusses the high pricing of OLED screens and Apple's efforts to diversify its suppliers by collaborating with LG. Samsung currently holds a monopoly as the sole supplier, giving it pricing power. Apple aims to leverage LG as a second supplier to negotiate better prices. Although LG's involvement is a significant development, it may not lead to immediate adoption of OLED screens across all iPhone models due to ongoing pricing and demand challenges.

Discuss the significance of the initial shipments of OLED screens from LG for Apple's future plans.

What impact will LG's involvement as a second supplier have on Apple's bargaining power?