LG plans to bring their first OLED smartphone later this year

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LG is, however, not the only smartphone company planning to make a switch to OLED screens for its next flagship smartphone and the one following that. Samsung has long used OLED technology for its Android smartphones; the displays offer more vivid colors and deeper blacks than LCD screens, which are now used by Apple, HTC, and LG's existing mobile devices.

A new report out of The Korean Times claims LG's upcoming sequel to the V20, (spoiler) the V30, will feature an OLED display over the company's previously used LCD options.

Perhaps this year's V30, if that's what it's called, will act as the testing ground for LG's OLED progress before they're rolled into the flagship G7? LG is still stuck with LCD display, while its competitors like Samsung has adopted OLED for their flagship-level devices.

Right now we've got to file this as a rumor, but we'd be surprised if LG didn't start sticking OLED screens in its smartphones soon. LG has always been a big supplier of OLED displays, but those were only reserved for its TVs.

Samsung holds the sway in the OLED market with nearly 70 percent of its smartphones being shipped with it. Samsung Display, the company's display-making unit dominates over 95 percent of the mobile OLED market. Meanwhile, the iPhone 7s and iPhone 7s Plus are expected to still use LCDs panels this year.

"Most OLED screens produced at LG Display's Gumi E5 plant in the second half will be used for its sister firm LG Electronics' smartphones starting with the V30", a source briefed on the matter told The Investor on condition of anonymity. In fact, LG has plans to supply some of the OLED production "to Chinese phone makers who are hoping to catch up with front-runners such as Samsung and Apple".

It has also been reported LG has been tapped up by Apple to create OLED displays for future iPhone models, so the Korean company's reported moves has significance for iOS users too.

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