# Who are LG Display's customers? Who does LG Display earn revenue from?
Canonical: https://valuechain.wiki/lg-display · Facet: customers · Updated: 2026-07-12T04:37:16.284+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: LG Display's confirmed revenue counterparties include 삼성전자, Apple, LG전자. Per the valuechain.wiki graph: 3 revenue edges, backed by 8 dated sources, 1 of them primary filings (as of 2026-07-12).

### 삼성전자 (high)  → /samsung-electronics.md
- metric: volume 800,000 대/년 · 2025 전망
- note: WOLED panels for Samsung OLED TVs since 2023; 2025 volume seen up to 4x (~800k units), including flagship models.
- [confirms] ETNews (KO, news, published 2025-01-16) https://www.etnews.com/20250116000240: "Samsung applies WOLED to flagship successors; volume up to 4x at ~800k units."

### Apple (high)  → /apple.md
- metric: Market share 58.4% · 2025 분기보고 단일 고객(애플 추정) · anonymized in filing; press attribution
- note: Key small/mid OLED supplier for iPhone upper tiers, iPad and Apple Watch: ~30M iPhone 17 panels (vs 57M Samsung Display, 1.3M BOE). A single customer, presumed Apple, is 58.4% of revenue per the quarterly filing (anonymized).
- [confirms] ETNews (KO, news, published 2026-06-22) https://www.etnews.com/20260622000287: "LGD supplies all OLED for iPhone/iPad upper tiers and Apple Watch."
- [mentions] KB Securities (KO, research, published 2026-04-30) https://kbthink.com/securities-view.html?docId=20260430171019360K: "KB Securities: from Q3, small/mid P-OLED shipment ramp and premium supply to the North American strategic customer improve profitability; PT KRW 17,000 (Buy)."
- [confirms] DART (Financial Supervisory Service) (KO, filing, published 2026-03-11) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260311003822: "FY2025 OLED mix 61% (up from 32% in 2020); top-10 customers ~92% of revenue, 96% overseas; revenue KRW 25,810.1bn, operating profit KRW 517bn."
- [confirms] LG (KO, ir, published 2026-01-28) https://www.lg.co.kr/media/release/29805: "Revenue KRW 25.81tn, operating profit KRW 517bn; OLED at a record 61%; first annual profit in four years."
- [confirms] DigiTimes (EN, news, published 2025-11-03) https://www.digitimes.com/news/a20251103PD242/iphone-boe-lg-display-panel-apple.html: "LGD secured 30M iPhone 17 panel orders."
- [mentions] Display Daily (EN, news, published 2025-09-01) https://displaydaily.com/lg-display-positioned-for-strong-q3-recovery-on-iphone-17-and-ipad-oled-production-ramp/: "58.4% of revenue from a single customer, presumed Apple."

### LG전자 (최대주주 36.72%) (high)  → /lg-electronics.md
- note: The axis binding LG Display into the LG Group structure, doubling as an overlapping top customer — LG Electronics is the largest shareholder at 36.72%. It is also the top buyer of large WOLED for OLED TVs (81% of panel sales), so parent demand acts as a floor for large-OLED utilization.
- [confirms] DART (Financial Supervisory Service) (KO, filing, published 2026-03-11) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260311003822: "Largest shareholder LG Electronics Co., period-end stake 36.72%."

### LG전자 (mid)  → /lg-electronics.md
- note: Sells large WOLED panels for LG Electronics OLED TVs (81% of OLED TV panel revenue).
- [mentions] ZDNet Korea (KO, news, published 2024-02-06) https://zdnet.co.kr/view/?no=20240206150935: "LG Display led with 81% revenue share of the OLED TV panel market."

Reverse side: https://valuechain.wiki/lg-display/suppliers.md · Ripple: https://valuechain.wiki/lg-display/ripple.md

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Full node: https://valuechain.wiki/lg-display.md · JSON: https://valuechain.wiki/lg-display.json