LGD inks deals with Apple, Google & Microsoft? +3
Look for the recent run in LPL to extend a little as western
news sites are starting to pick up on a Korean report the
LG Display has cut deals with Apple, Google, and Microsoft to
supply foldable displays starting in 2018.
In keeping with my reaffirmation of LGD's foldable technology just yesterday, I think this report is plausible, but my standard disclaimer about the reliability of Korean sources still applies. Furthermore, given the time frame, it's not clear that any immediate gains will be sustainable. Though there is potential for the LPL to exceed the temporary top I called in conjunction with the 2Q16 report, I'm not at all sure that this is the best long-term entry point.