Apple has become a co-investor of eMagin

Apple has become a co-investor of eMagin, which produces OLED displays for glasses that support virtual reality. Now, eMagin is funded by such large companies as Apple, LG, Immerex and Valve, and the total investment amounts to $10.6 million. The company is planning to make screens for VR-glasses, digital cameras and other consumer electronics. According to the representatives of the company, eMagin products are of high quality and create a serious competition in the market of OLED displays.

Over the last week, Apple shares jumped by 7.6% and will continue to grow based on the news. Trading will be available during the American session, from 14:40 to 21:00 GMT.

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