Following recent issues with iPad displays from LG Display, which has forced the company to turn to rival Samsung, Apple is said to be considering a $1 billion investment in Sharp to secure touch screens for the iPhone and iPad.
MF Global Securities analyst David Rubenstein recently issued a note, outlined by Reuters, in which he writes:
“We think it is highly possible that Apple will make an investment in Sharp’s Kameyama plant to the tune of around $1 billion in order to secure a stable supply of screens for iPhones and iPads.”
An investment in Sharp could increase Apple’s orders from Japanese manufacturers, with an investment in a new LCD factory for Toshiba also rumored to be going ahead. But more importantly, it signifies yet another move away from Samsung, which is currently embroiled a number of legal spats with the Cupertino company that has recently seen the Samsung Galaxy Tab 10.1 pulled from sale in Australia and Europe.
[via 9to5 Mac]
Killian Bell is a freelance writer based in the U.K. He has an interest in all things tech and also covers Android over at CultofAndroid.com. You can follow him on Twitter via @killianbell.
4 responses to “Apple to Invest $1 Billion in Sharp Displays for iPhone, iPad?”
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