Apple teams up with LG Display for foldable iPhone

Apple teams up with LG Display for foldable iPhone

Apple has been rumored to be working closely with LG Display for a foldable iPhone but it has been reported that the California-based giant is going to keep out Samsung from the entire project. The report further points out that LG Innotek is also prepping flexible printed circuit board or RF PCB for the foldable iPhones. Samsung's monopoly in producing iPhone parts has likely prompted Apple to explore possible cooperation with other suppliers like Sharp and Japan Display. However, it's been suggested that Tim Cook and co do not want to develop too close a relationship with an arch rival. It's investing in LG to do chiefly two things: increase and expedite OLED display production and diminish Samsung's monopoly in the business. To be more precise, Apple has agreed to work with LG Display, an arm of LG, on bendable OLED screens. Other info indicated that the Galaxy X (Samsung's foldable phone) will be manufactured in very limited quantities and be sold in Korean shores only.

It could also be because Apple is cautious about what they share with Samsung, according to Korean news site The Investor. The company is now supplying its first batch of its foldable panels to few Chinese handset makers as well as to its parent company. This could mean that Apple could postpone its usual iPhone launch that year.

JPMorgan opens earnings season with $1bn fixed income fall
In other news, General Counsel Stacey Friedman sold 9,968 shares of the business's stock in a transaction on Monday, August 21st. Finally, Dodge & Cox bought a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $2,297,616,000.

Panama 'ghost goal' helps eliminate US from 2018 Russia World Cup
Their place at a eighth successive World Cup had been under threat since they succumbed to home losses at the hands of Mexico and Costa Rica last November.

Turkish, US officials to meet over diplomatic dispute - Deputy PM
Turkish Deputy Prime Minister Bekir Bozdag says delegations from both countries will meet to work on a solution to a visa row. . The phone call is the highest level of contact since the suspension of visa services by both countries.

A display which folds completely in half could see a new generation of smartphones which fold open to the size of small tablets, although it is yet to be seen if such a mechanism would be compact and attractive enough for Apple's notoriously high standards. According to The Korea Herald, Apple is said to be considering making an investment in LG's E6 plant so that the company can increase its production of OLED panels.

Apple Watch demand the biggest positive surprise -potentially doubling revenue by 2019. The same can be said for Samsung's own foldable phone as well.

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