apple (aapl) stock higher, exploring oled screen partnership with sharp - led advertising screen

NEW YORK (TheStreet)--
Apple shares (AAPL -Get Report)
In pre-
On Friday, with market deals in Cupertino, California
Japanese-based companies are working with Japanese electronics company Sharp (SHCAY)
Bloomberg reports quoted sources as saying that organic LED screens were being manufactured.
As Apple seeks to increase the number of OLED screen vendors, these screens will be used for Apple's next-generation iphone.
OLED screens use technology to create more colorful, detailed images and maintain a longer battery life.
Sharp said today that it will invest about $0. 566 billion to develop OLED production facilities and plans to launch them by June 2018.
Bloomberg pointed out that the funds will be used for equipment at Sharp's factory and provide sample products to customers.
Sources say any OLED supply agreement between Apple and Sharp will depend on Sharp's capacity.
Sharp shares closed flat on Thursday. (
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In addition, the street rating team rated Apple as a buy with a rating of B.
The company's strengths are reflected in a number of areas, for example, by most measures, the company's financial position is basically stable, the debt level is reasonable, the profit margin is expanding, and the stock price has risen in the past year, significant return on equity.
The team believes that its advantages outweigh the fact that the company's net income growth is below standard.
According to the "risk of the stock-
Adjusted "12-
Monthly investment horizon
The rating may be different from the opinion of Jim Kramer or the author of this article, not based on news of any day.