Apple to Develop its Own MicroLED Screens

Nokia 9 with iPhone X like notch and bezel-less design leaked

UBS set a $190.00 target price on Apple and gave the company a "buy" rating in a research report on Monday, December 4th.

This is according to Bloomberg who cited anonymous sources as saying the company is making "significant investment in the development of next-generation Micro-LED screens". Also, the MicroLED screens will make the upcoming gadgets slimmer, less power hungry delivering better performance. Although Apple almost killed the project about a year ago, engineers have since made good progress and the technology is now at an advanced stage. CA lifted its position in shares of Apple (NASDAQ:AAPL) by 100.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.

Apple's iPhone X contract is a very lucrative one. The facility also has a special area for the intricate process of "growing" LEDs.

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MicroLED (mLED) screens are different to the current organic LED screens that are widely used in flagship Android devices as well as the Apple iPhone X.

MicroLED is an emerging flat-panel technology that offers multiple benefits over OLED and traditional LCD technology. The company considered ditching the idea past year before making a breakthrough. Apple has reportedly started developing its own screens for the first time at a secret facility for test purposes. For the time being though, Apple will continue to back OLED-based screens, and the 2018 range of iPhones are likely to feature externally-sourced screens rather than in-house developed microLED options.

Word has it that the iPhone SE 2 may launch within the first half of this year and it could be powered by an Apple A10 chip that's powering last year's iPhone 7. The company has reportedly invested billions in LG to help it boost its OLED production. Although Google doesn't specifically demand an OLED display as a requisite for Daydream the requirement for low persistency (and low latency) invariably means that only phones with an OLED panel and not an LCD panel qualify for Daydream. Indeed, Bloomberg notes that Apple only recently managed to successfully incorporate a MicroLED display on the Apple Watch. For most of its products, Apple relies on displays from Samsung, LG, and other Asian supply chain manufacturers. After the Bloomberg report, shares of several Apple suppliers dropped sharply in Asia Monday morning.

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