Sat, Jul 13, 2019 - 5:50 AMAPPLE Inc looks like it may put down close to US$1 billion just to keep its devices at the leading edge. Japan Display Inc, one of its key providers of screens, said Friday it would get up to US$400 million from bailout partner Harvest Tech Investment Management Co. Nestled into its two-page stock exchange statement was the revelation that the funding includes US$100 million already pledged by a customer.
This development comes a week after Apple's main screen supplier, Samsung Electronics Co, made a cryptic reference to a"one-time gain related to the display business" in its preliminary second-quarter earnings statement.The US company will pay as much as one trillion won to make up for a shortfall in purchases of organic light-emitting diode, or OLED, according to South Korea's Electronics Times and analysts at Citigroup Global Markets.
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