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Apple placing bets on LG's display for an upcoming foldable smartphone

12 Octubre 2017

Apple is said to be speeding up the production process of the folding screens by investing in the construction of a new LG Display manufacturing facility, called E6.

As of this writing, William White did not hold a position in any of the aforementioned securities. The feature that stood out the most when Apple introduced iPhone X was its TrueDepth camera and Face ID 3D laser face-scanning technology.

Why? Apparently the company is concerned about the number of leaks coming out of Samsung HQ. It is believed Samsung is the only company large enough to manufacture the components at the volume required by Apple. That's probably more than it'll rake in from its own Galaxy S8.

Apple Watch demand the biggest positive surprise -potentially doubling revenue by 2019. Apple has a one year low of $104.08 and a one year high of $164.94.

Should LG eventually lose the display gig to Samsung, its iPhone-based coffers won't swell to significantly. Apple Inc. The company has a market cap of $136.45 billion, a PE ratio of 17.76 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. However, for the 128 GB premium model, consumers are liable to pay $27.91 per month for a period of 24-months to the Big Red. Apple had a net margin of 20.87% and a return on equity of 35.40%. Year-to-date, AAPL has gained 36.85%, versus a 15.71% rise in the benchmark S&P 500 index during the same period.

The foldable iPhone panel production could start from 2020. The stock presently has an average rating of "Buy" and a consensus target price of $157.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The OLED screen will be the highest resolution iPhone screen ever, bringing stunning colors and striking depth to the user. Institutional investors own 58.76% of the company's stock. Finally, Bank of America Corporation restated a buy rating and set a $180.00 target price on shares of Apple in a research note on Tuesday, September 26th.

Apple placing bets on LG's display for an upcoming foldable smartphone