According to the Korea Herald claim that LG Display is set to initiate OLED production for the new iPad Pro as early as February next year at their facility in Paju, Gyeonggi Province -- a time frame around three months sooner than previously expected.

The displays are expected to be three times the price of those used in iPhones, which could translate to higher prices for customers.

Apple wants more than 10 million OLED panels for the iPad in 2024. LG is expected to supply around 60 per cent of the OLED panels, with the remaining portion supplied by Samsung, which is expected to focus on the 11-inch model only.

Production of the panels for the next-generation iPad Pro is expected to help LG Displays' financial recovery next year. LG and Samsung are said to be currently finalizing price negotiations with Apple.