According to a note from MF Global FXA Securities outlined by Reuters, Apple may invest $1 billion in Sharp to secure displays for future devices; namely iPads and iPhones.
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 stable supply of screens for iPhones and iPads, analyst David Rubenstein said in the note.
Notably, current Apple-foe Samsung supplies display components for the company’s popular iPad 2. Samsung only recently became Apple’s iPad 2 screens supplier after a fallout with LG.
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