J.P Morgan has scrutinised Apple’s SEC 10-K filing and found that the company has placed a large purchase which totals around $4 billion
It seems like Apple’s next smartphone may sport an OLED display after all. Apple Insider reports that Investment firm, J.P. Morgan has scrutinised Apple’s recent Securities and Exchange Commission 10-K filing. It found that the company has placed a purchase order that is extending for over a year and totals around $4 billion. The firm says that this coincides with an “off-balance sheet obligation” for the same amount from Q3. Analysts believe that this is related to long-term sourcing of OLED panels from Samsung. Possibly for a future iPhone considering the amount of money involved. However, it should be noted that Samsung isn’t the only supplier of OLED panels. Other potential suppliers include Sharp (which was acquired by Foxconn), and Japan Display.
Rumours of Apple finally using an OLED panel on its iPhones have been circulating for a while. A few days ago, it was reported that Sharp President, Tai Jeng-Wu said that the upcoming iPhone 8 will sport an OLED display. Presently only the Apple Watch, and the new MacBook Pros use OLED panels. While the Watch uses it on its display, the new MacBook Pros use it on a touch panel, which replaces the row of function keys.
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Shrey Pacheco
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