Bad news for Samsung, LG as Apple secretly developing its own screens
San Francisco: In bad news for display market leaders like Samsung and LG, Apple is reportedly designing and producing its own device screens, secretly at a facility near its headquarters in California, according to a media report.
The Bloomberg report report on Monday said Apple was making "a significant investment" in the development of MicroLED display.
"MicroLED screens use different light-emitting compounds than the current OLED displays and promise to make future gadgets slimmer, brighter and less power-hungry," it said.
The 62,000-square-foot manufacturing facility is located in Santa Clara, California.
The news of Apple -- that rely on display panels supply for its iPhone X and Watches from Samsung and LG - entering the device display segment led to shares of Samsung, LG Display and Sharp go down in early trade on Monday.
Currently, Apple Watch screen is made by LG Display. The iPhone X which is Apple's first OLED phone uses Samsung display units.
"MicroLED" technology is still in early stages but Samsung will release "The Wall" later this year which is a massive modular TV with this technology.
According to earlier reports, Samsung may soon not be the only supplier of OLED displays for Apple.
The iPhone maker is reportedly finalising talks with LG on an OLED supply deal which could see the latter provide its panels for this year's iPhone with edge-to-edge display.
Samsung currently dominates supply of OLED displays for Apple's flagship iPhone X. It is believed that Apple will switch to OLED displays for all of its iPhone releasing in 2019.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Shocking tragedy: Kharge on Iranian President Seyed Ebrahim Raisi's death
New Delhi (PTI): Congress chief Mallikarjun Kharge on Monday condoled the death of Iranian President Seyed Ebrahim Raisi in a helicopter crash and said Indians stand with the people of Iran in this time of grief.
According to state media, Raisi, Iran's Foreign Minister Hossein Amirabdollahian and others were found dead at the site of the crash in East Azerbaijan province on Monday after an hours-long search through a foggy and mountainous region.
In a post on X, Kharge said, "The Indian National Congress is anguished and dismayed by the passing away of Dr. Seyed Ebrahim Raisi, President of the Islamic Republic of Iran, following the shocking tragedy."
"India-Iran relations span centuries marked by meaningful interactions. Every Indian joins in extending our heartfelt condolences to his family. In this time of grief, we stand with the people of Iran," the Congress president said.
