Apple working with LG on foldable iPhone, claims report

Share
Apple working with LG on foldable iPhone, claims report

Apple has reportedly started working on a foldable iPhone with LG Display, not Samsung Display - the sole OLED supplier - possibly due to concerns over tech leaks to its archrival Samsung Electronics.

There are rumors that Apple is working on a new display technology with LG display.

First we heard of Samsung's plans to produce a smartphone with a bending, foldable screen, and now it's Apple's turn for a lap of the rumour mill.

On average, analysts expect that Apple will report full year earnings of $8.94 per share for the current year, with EPS estimates ranging from $8.64 to $9.33. These included a tablet that folded into a smartphone and a clamshell-like handset. LG, meanwhile, has reportedly completed its own foldable OLED panel prototype years ago, and is now working to increase durability and the yield rate of the same. It claims that Apple has teamed up with LG Display to develop a foldable iPhone.

Apple is reportedly working with LG Display, a display solutions arm of LG, on a foldable iPhone. According to Korean-sourced report, se new screens will be collapsible.

Interestingly, the report says Apple has chosen to work with LG on the project instead of Samsung.

Developing a phone from Apple takes a minimum of 12 months before the device is officially launched and in order to get production underway, key elements of the device such as the design and hardware will be shared with its manufacturing partners. Other info indicated that the Galaxy X (Samsung's foldable phone) will be manufactured in very limited quantities and be sold in Korean shores only.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The company is now supplying its first batch of its foldable panels to few Chinese handset makers as well as to its parent company. The same can be said for Samsung's own foldable phone as well.

Share

Advertisement

Related Posts

Research Ratings: Lockheed Martin Corporation (LMT), Fulton Financial Corporation (FULT)
Efg Asset Mngmt (Americas) Corp holds 4,617 shares or 0.5% of its portfolio. 387 are held by Private Ocean Ltd Liability Com. It improved, as 37 investors sold LMT shares while 393 reduced holdings. 102 funds opened positions while 360 raised stakes.

First Mother? Ivana Trump raises the possibility of her daughter Ivanka's presidency
That is where she was born and raised but she turned him down. " Raising Trump " is set to be released next week. The scandal spawned the iconic "Best Sex I've Ever Had" headline in the New York Post in 1990.

J&K govt orders inquiry over Asiya Andrabi photo gaffe
Andrabi, who is now detained under the Public Safety Act, heads Dukhtaran-e-Millat (daughter of nation) outfit which openly calls for merger of Jammu and Kashmir with Pakistan.

'Breaking Bad' House Fenced Off To Stop Pizza Being Thrown On Roof
In 15 minutes, a KOB news crew counted almost 10 tourists. "We're the ones who's being locked up". At a UNM area duplex used as Jesse Pinkman's apartment, the renter deals with it as well.

Defamation case: ASG to represent Jay Shah
Shah's lawyer told The Wire that the company's business was stock-trading, export and import and marketing consultancy services. Turning the heat up on Modi and the BJP, senior Congress leader Kapil Sibal said the allegations should be investigated.

Domino's Pizza Inc (NASDAQ:DPZ) To Report Earnings
After a recent look, shares have been seen 9.61% from the 200-day moving average, and 8.62% from the 50-day moving average. The company had revenue of $628.61 million for the quarter, compared to analysts' expectations of $609.87 million.

Iran: Trump critica ancora accordo Iran
L'accordo prevedeva la limitazione dell'arsenale nucleare iraniano in cambio di un allentamento delle sanzioni a Teheran. Voglio che il nostro arsenale nucleare sia "al top delle sue possibilità".

Shares Continuing to Trade Below Moving Averages: Comcast Corporation (NASDAQ:CMCSA)
The cable giant reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .

Aguero Explains Why City Signing Messi Would Be Difficult
Manchester City striker Sergio Aguero admits he would "love" compatriot Lionel Messi to join him at the Etihad but admits any potential deal would be "complicated".

Quarterly Financial Watch for Manitowoc Company, Inc. (The) (NYSE:MTW)
Their average price target spell out an upbeat performance - a -16% and would give MTW a market capitalization of almost $1.08B. State Board Of Administration Of Florida Retirement invested 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW).

© 2015 ExpressNewsline. All Rights reserved.