Reuters is reporting that Apple has been working on a plan to invest in Sharp Corp’s factories to secure a supply of LCD screens for upcoming iOS devices. The report is based on a sales note released by MF Global FXA Securities and points out that Apple could be investing one-billion dollars in Sharp’s Kameyama plant to make it happen.
The sales note read, according to Reuters:
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
Rumors of Apple switching companies for LCD production have been surfacing for a couple of months now, most notably, a switch from LG to Samsung. But, with the recent legal battles raging on between Apple and Samsung, it would make sense that Apple may be looking to alternative companies for production.
According to the Reuters report, a ‘source in the know’ has noted that the continuing legal battle between Apple and Samsung could result in a huge shift in orders away from Samsung and into surrounding markets like Japan.
Source: Reuters, MF Global FXA Securities
Via: The Next Web
