9/26, 1:11 PM (Source: TeleTrader)
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Apple mulls doubling investment in JDI - report

Apple Inc. is considering doubling its investment in its liquid crystal display supplier Japan Display Inc. wrote the Wall Street Journal on Thursday.

In June Apple already invested ¥10 billion ($93 million) and now it is looking to double this amount in light of the withdrawal of the Chinese Harvest Group's bailout of ¥63 billion ($557 million).

JDI depends on Apple for more than half of its sales, and supplies the liquid crystal display panels for the iPhone 11, which has helped support its bottom line. The company is facing difficulties as it hasn't transitioned to producing newer OLED screens for smartphones. It does, however, make OLED screens for the latest Apple Watch, the sources noted.

Breaking the News / TF