Apple Co. is reportedly in talks with South Korean LG Display to produce OLED screens exclusively for Apple products. The new facility is expected to be capable of producing about 30,000 OLED screens for the next generation iPhone’s on a monthly basis. To realize the plans, the company is expected to invest $3 billion. The mass production from the new facility is expected to start as soon as early 2019.
Over the past couple days, Apple shares rose by 0,7% and continue rising on the news. The trade will be available during American session from 14:40 to 21:00 GMT.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions