Wednesday, February 2, 2011
Apple announced it will buy $4 billion of displays from LG Display Co., Toshiba Mobile Display and Sharp Corp. over the next two years.
Apple last month said it would spend about $3.9 billion as prepayment for components from three companies, without specifying the suppliers or the parts. The investment is likely to be in displays made by LG, Toshiba’s screen unit and Sharp.
Apple is seeking to secure the supply of high-resolution displays for iPhones and iPads amid intensifying competition from smartphones and tablet PCs running Google’s Android software. Apple’s investment may make it more difficult for smaller competitors to procure screens for their devices
By: DocMemory
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