Apple To invest $1 billion in Sharp for iPad and iPhone displays ?

According to a note from MF Global FXA Securities Apple may invest more than one  billion dollars in Sharp to secure displays of next generation  of the iPhone and iPad.

We think it is highly possible that Apple will make an investment in Sharp’s Kameyama plant to the tune of around $1 billion in order to secure stable supply of screens for iPhones and iPads, analyst David Rubenstein said in the note.

Notably, current Apple-foe Samsung supplies display components for the company’s popular iPad 2. Samsung only recently became Apple’s iPad 2 screens supplier after a fallout with LG.

via 9to5Mac