Samsung is now the leader in providing OLED screens and it has been partnering with Apple for the provision of OLED screens.
Apple has allegedly started working on a foldable iPhone with LG Display due to concerns that Samsung will steal its design. The first batch of the production will be shipped to LG Electronics and some Chinese handset makers, while the production for iPhone is expected to start from as early as 2019 when its new plant, called E6, is completed in Paju, Gyeonggi Province. Meanwhile, LG Innotek has already formed a new team that will be developing a rigid flexible printed circuit board for the device.
Marathon Oil Corporation (MRO) and Cabot Oil & Gas Corporation (COG) Go Head-to-head
Following the sale, the insider now directly owns 635,124 shares of the company's stock, valued at approximately $17,014,971.96. The stock of Cabot Oil & Gas Corporation (NYSE: COG ) has "Hold" rating given on Friday, April 15 by Tudor Pickering.
Apple usually starts a new phone project a year before launch, sharing key features, including the panel, with suppliers.
So, in order to keep those leaks from Samsung Electronics, Apple will apparently have to settle for a later launch. LG is also believed to have completed its foldable OLED panel prototype two or three years ago and has been improving its durability and the yield rate ever since. Samsung now holds a near monopoly over OLED production. The reason is that Samsung supplies a number of the phone's components - notably its curved OLED display. In that sphere, LG has been making moves and has the potential to get ahead, which could be why Apple may be looking to tap LG's services for a future smartphone product.
$1.87 EPS Expected for Apple Inc. (AAPL)
For AAPL , the company now has $17.68 Billion of cash on the books, which is offset by $18.48 Billion current liabilities. After $0.53 actual EPS reported by Zoetis Inc for the previous quarter, Wall Street now forecasts 18.87% EPS growth.
Apple is considering investing in the E6 plant in a push for LG to beef up OLED production.
That is if a new report from South Korea turns out to be accurate.
NRA opposes full ban on 'bump stocks' used by Vegas gunman
The gunman, Stephen Paddock, opened fire from his room on the 32nd floor of the Mandalay Bay Hotel Resort and Casino. An automatic rifle show on March 16, 2007.
Looks like Apple might lose the race against Samsung when it comes to releasing a foldable flagship but at least the company will know that its secrets are kept safe for the time being.