Home Mobiles Apple to sign a $100 million deal with Japan Display: Here’s more...

Apple to sign a $100 million deal with Japan Display: Here’s more on it

The deal comes before the launch of the upcoming iPhones models.

Apple has recently started putting AMOLED display panels on its iPhones to make them more premium than devices that come with LCD screens. Till now, Apple has depended on Samsung for providing it with the AMOLED displays for iPhones. But it seems like things are set to change. A recent report suggests that Apple is planning to make a deal with Japan Display worth $100 million (approximately Rs 6,89,85,00,000) for using its LCD display panels on its iPhones.

The news comes from a Japanese publication named Asahi. According to the report, Japan Display is currently going through restructuring and Apple’s $100 million deal will be a huge benefit for the company. However, it should be noted that this is not the first time that Apple is conducting business with Japan Display. The Cupertino-based technology giant has been doing business with the display maker for quite some time now. Apple is one of the major buyers of Japan Display and is also responsible for around 60% of Japan Display’s business. The abovementioned business deal will turn a new page for both the companies.

- Advertisement -

The new business deal between Apple and Japan Display will help the American technology giant to move the bulk of its LCD display orders from China to Japan. According to 9to5Mac, earlier in 2015, Apple had funded most of the $1.5 billion LCD screen-making factory for Japan Display. Apple also asked for assurance from the display maker that the company will pay back the received funding by giving a percentage of sales from each display to it. Although it’s been few years since then, but Japan Display still has to pay a good amount of the funding that it received.

However, Japan Display has not been making enough profit in the past few years and is running on losses since Apple funded the billion-dollar factory. Japan Display’s new factory is reportedly running on half its capacity as smartphone makers have switched to using OLED display panels instead of the LCD ones. But even so, Japan Display is still one of the most important suppliers of Apple as the company makes OLED display panels for the Apple Watch along with LCD displays for the current iPhone XR. Earlier reports suggested that Apple will bring three new iPhones this year and among them, the affordable variant will sport an LCD panel instead of an AMOLED one. So, other than the iPhone XR and the older smartphone models, maybe one of the upcoming handsets from Apple will pack an LCD panel.

For the latest gadget and tech news, and gadget reviews, follow us on TwitterFacebook and Instagram. For newest tech & gadget videos subscribe to our YouTube Channel. You can also stay up to date using the Gadget Bridge Android App.

- Advertisement -
Aman Singhhttps://www.gadgetbridge.com/
Aman Kumar Singh has a Masters in Journalism and Mass Communication. He is a journalist, a photographer, a writer, a gamer, a movie addict and has a love for reading (everything). It’s his love of reading that has brought him knowledge in various fields including technology and gadgets. Talking about which, he loves to tweak and play with gadgets, new and old. And when he finds time, if he finds time, he can be seen playing video games or taking a new gadget for a test run.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Follow Us

124,334FansLike
8,924FollowersFollow
4,863FollowersFollow
5,090SubscribersSubscribe

Must Read

Redmi 9 Prime with MediaTek Helio G80 SoC launched in India

Redmi 9 Prime with MediaTek Helio G80 SoC launched in India

0
Redmi 9 Prime is now official in India. The Chinese smartphone company has introduced the device under the affordable segment. Also, the smartphone shares...
- Advertisement -