Apple Inc. (AAPL) - Get Report is interested in acquiring Japan Display Inc. (JPDYY) , a manufacturer of advanced liquid-crystal displays, for iPhone production next year, the Wall Street Journal reported.
The possible deal would suggest the type of screens Japan Display makes still has legs despite competition from newer designs, including the OLED design used on the recently announced iPhone X.
Japan Display calls its advanced displays Full Active, and said the products will account for more than 70% of the firm's business in the year ending March 2019. In a regulatory filing, Japan Display said Apple represented about 54% of its revenue for the year ended March 2017.
Japan Display has mostly catered to Chinese handset maker Xiaomi Inc. for the Full Active display sales so far, mobile unit chief Kazutaka Nagaoka said. Company insiders said Apple has expressed keen interest in the Full Active displays, though, which is why Japan Display anticipates a quick uptake of the technology in the coming years.
Apple typically decides on the display for a new device in March of the year the model is unveiled. That would give Apple at least five months to consider Japan Display, either as a business partner or an acquisition.
Apple stock traded slightly down 0.21% to $153.90 in premarket trading Thursday.
Watch: Could Your iPhone X be Delayed?
More of What's Trending on TheStreet:
- Dunkin' CEO Reveals Secret Weapon to Win Coffee War With McDonald's: Real Coffee
- My Apple Watch Series 3 Sent the Police to My Apartment: An Unapologetic Review
- They Think it's All Over? Bain-Apple Pays $18 Billion for Toshiba Chip Unit
- Trump Tax Plan Cuts Corporate Rate, Raises Lowest Rate, Leaves Lots Out