A report by iSuppli suggests Apple is investing its money in long-term LCD supply contracts. Two weeks ago Apple COO Tim Cook revealed during the company's quarterly earnings call that Apple has struck long term supply agreements worth $3.9 billion over two years. The company already paid out $650 million last quarter and another $1.05 billion will exchange hands in the current quarter.
Apple is investing to guarantee availability of advanced liquid-crystal display (LCD) panels for its iPad and iPhone lines, IHS iSuppli research indicates.It is believed the companies in question may be LG Display, Sharp Corp. and Toshiba Mobile Display.
''The agreements would involve the supply of Apple’s retina display, used in the iPhone and iPad. The retina display employs the use of advanced in-plane switching (IPS) and low-temperature polysilicon (LTPS) technology that provides extremely high resolutions in small displays by using pixels that are smaller than the human eye can perceive,'' according to the firm.