Rumor: LG and Samsung to supply iPad 3 displays as Sharp fails to meet Apple’s approval process

Following reports this morning from Macotakara that claimed Sharp would be supplying display panels for a next-generation iPad, a conflicting report from Korean publication Electronic Times Internet News (via PatentlyApple) claimed Sharp “failed to pass Apple’s approval process for mass production.” The report also claimed Samsung and LG already kicked production for iPad 3 panels into full capacity as of the beginning of this year:

It has been confirmed that Samsung Electronics and LG Display will supply LCD panels for Apple’s iPad 3, which is scheduled to be unveiled as early as in Q1 this year. Sharp was originally known to be developing display panels, but reportedly failed in initial supply.

According to the report, Apple is planning on placing orders for 65 million LCD panels for iPad 3 during 2012. It also claimed Samsung and LG would be supplying 5 million displays in the first quarter to meet demand for the device’s launch. Although there is obviously no way to verify this, and the publication does not exactly have a track record for breaking Apple news, the report does mention the same XQGA (2048×1536) display as Macotakara’s. The report cited only an “industry source.”

This morning’s report from Macotakara claimed Foxconn Electronics and Pegatron Technology already began placing orders for iPad 3 components to meet an early-March launch.