LG to Provide Apple's iPhone Batteries Next Year: Korea Economic Daily

LG has invested hundreds of billions of won in a dedicated line for the purpose and will produce "L-shaped" batteries for next year's iPhone

Reuters

Updated:July 21, 2017, 10:15 AM IST

LG to Provide Apple's iPhone Batteries Next Year: Korea Economic Daily

LG has invested hundreds of billions of won in a dedicated line for the purpose and will produce "L-shaped" batteries for next year's iPhone

South Korea's LG is slated to exclusively provide batteries for Apple's iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday. LG has invested hundreds of billions of won in a dedicated line for the purpose and will produce "L-shaped" batteries for next year's iPhone, the Korea Economic Daily reported citing an unnamed chemical industry source.

A spokesman for LG said it does not respond to inquiries about client companies. Apple could not be immediately reached for comment. LG shares rose 3.7 percent in morning trade to their highest level since April 2016.

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