Apple has invested 1.7 billion dollars plant displays for new iPhone

Apple has invested 1.7 billion dollars plant displays for new iPhone

Apple has invested 1.7 billion dollars plant displays for new iPhone

Between Apple and the Japanese manufacturer displays Japan Display Inc. (JDI) negotiations for financing the construction of the plant, which will supply displays specifically for the iPhone. It is reported by Reuters, citing a source familiar with the situation.

According to the source, JDI is striving to become a major supplier of displays for the iPhone. However, for the sake of such a partnership Apple should invest 200 billion yen (about US $ 1.7 billion) in the construction of a plant in Ishikawa Prefecture. It is expected that he will start working in 2016. If the transaction is successful, then Apple will be able to cancel the order displays the LG and Samsung.

Japan Display Inc. – A joint venture between Sony, Hitachi and Toshiba, which has support in the state. Now, due to increased sales of the iPhone and the Chinese smartphone, the company is experiencing financial recovery, but in general for the current fiscal year JPD expect significant losses.

Apple really spend so much money?

Apple has invested 1.7 billion dollars plant displays for new iPhone

Received support Apple, JDI will significantly strengthen its position in the competition with Sharp, which currently difficult times. We note that Sharp had previously received money from Apple. In 2011, with the same goal to eliminate dependence on LG and Samsung “apple” company has invested in a Sharp $ 1 billion, but Samsung and LG all the same all these years, played the role of supplier of displays for Apple.

Source: Reuters

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