Sharp invests $878 million in the production of OLED for new iPhone
Sharp will invest $878 million in the production of OLED screens, sources confirmed to The Wall Street Journal. A month ago appear the first rumors about the investment.
The deal appears to refer to OLED panels that Apple expected by Sharp for the new iPhone smartphones. The investment greatly exceeds the announced by Sharp in September from $568 million.
The owner of Sharp – Foxconn – is already one of the main suppliers of Apple, but later this investment will provide OLED display for this year’s iPhone. It is expected that the first iPhone models with OLED to be presented in September, and first OLED screens can be provided from Samsung.
It is assumed that only one model of Apple will use the OLED technology. It will be named iPhone 8 or iPhone X will have a curved display, a glass casing and wireless charging.
More on the topic:
Apple Wants to Make Every iPhone With an OLED Display by 2019
iPhone 8 Will Have Curved OLED Display and USB-C Connector
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