LG Display will supply Apple AMOLED panels for the Apple Watch, with shipments expected to reach about five million a month in 2015, according to sources at LG Display.
The company had been expected to split display production between the two companies, and the usual caution needs to be applied to DigiTimes stories, which rely on anonymous supply-chain sources.
The report claims Apple is hoping to sell upwards of 50 million smartwatches in 2015. Analyst estimates for sales of the Apple Watch range from 10M to 37M.
Apple has not yet given a launch date for the new device, stating only that it will go on sale “early next year.” The entry-level model will cost $349, but Apple has not revealed pricing for more expensive models. The top-of-the-range Edition models featuring solid gold cases are expected to go well into four figures.
Apple Watches will contain NFC chips that allow them to be used for mobile payment via Apple Pay with older iPhones. You’ll need to authorize the watch when you first put it on in the morning, and it will then remain validated for payment for as long as it remains in constant contact with your wrist.