For JDI, the iPhone is fully turning to OLED screen, which is definitely not a good thing. At least at this stage, they have no corresponding screen to meet Apple’s needs.

Japan display Inc. said it had agreed to sell a smartphone screen factory in central Japan to sharp Corp for $390 million to raise funds to repay the construction costs owed to Apple Inc., according to Japanese media reports.

JDI "sells the factory to repay the debt" only because Apple's iPhone screen is equipped with OLED

In a statement, Japan monitor said it would also sell equipment from the liquid crystal display (LCD) plant to an “overseas customer” for $285 million, up $85 million from the price announced in March. It is rumored that the so-called “overseas customer” is apple.

Apple provided a $1.5 billion “advance payment” to Japanese monitors five years ago for the construction of the plant. The company still owes Apple $702.5 million. The company said $675 million (about 4.6 billion yuan) from the sale of the plant and equipment would be used to repay the debt.

As the main screen supplier of iPhone se2, JDI didn’t get better profits because of the big sale of this mobile phone. Fundamentally speaking, they missed the outlet of OLED screen, which made them fall into a passive position and their performance is declining.

According to the current situation, there will be four versions of Apple’s iPhone 12 to be released this year, all of which are equipped with OLED screens. This means that there is nothing wrong with JDI at all. This also explains from the side why they have to sell the factory to pay off their debts.

Editor in charge ajx

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