LG cannot produce enough iPad displays

Yesterday LG Display's Chief Executive Officer Kwon Young-Soo revealed that LG cannot currently produce enough iPad displays for Apple.

"Demand (from Apple) keeps growing and we can't meet it all."

It was also said that LG is going to increase the production of such displays but the demand will be met only presumably in the second quarter of 2011.

Even Apple didn't expect the iPad will be so popular, according to its Chief Operating Officer Tim Cook. Last financial quarter there were 3,27 million iPads sold. But that will not slow sales down - this Monday Apple announced that since Friday the iPad will be available for sale in nine more countries.

It is interesting that while LG cannot meet the iPad display demand it had already invested over $500 million in producing its own mobile phones and tablets.