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Report: Apple Inc. Will Invest $2.7 Billion in OLED Manufacturing Plant

TheMotleyFool 
0 0 31.07.17
Report: Apple Inc. Will Invest $2.7 Billion in OLED Manufacturing Plant
 
Report: Apple Inc. Will Invest $2.7 Billion in OLED Manufacturing Plant

According to The Korea Herald (via AppleInsider), citing the Korea Economic Daily, Apple (NASDAQ: AAPL) will pony up $2.7 billion as an "advance payment" to LG Display (NYSE: LPL) for future organic light emitting diode, or OLED, display supply.

"Sources say LG Display is likely to build a production line dedicated to iPhone orders only," The Korea Herald report said.

Image source: Apple.

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Source: Fool.com

Apple Inc. Stock

€199.24
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The price for the Apple Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.340 (-0.170%).
Currently there is a rather positive sentiment for Apple Inc. with 137 Buy predictions and 13 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 5.4% for Apple Inc. compared to the current price of 199.24 €.
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