Apple Stock News: All-Screen iPhone
Apple Stock News: Apple’s Korean suppliers are developing under-display cameras for a true “all-screen” iPhone appearance. LG Innotek is working on a unique “freeform optic” lens system to address light loss, aiming to improve image quality. LG Display is also involved in under-panel camera (UPC) development, targeting 20% light transmittance by 2023 and 40% post-2024. Apple may integrate under-panel Face ID in the 2025 iPhone 17 Pro before adopting perfected UPC technology in 2027 Pro models.
Make iPhone 16 Batteries in India
Apple has informed battery suppliers, including China’s Desay and Taiwan’s Simplo Technology, of its preference for iPhone 16 batteries to be made in India. This move is part of Apple’s strategy to diversify its global supply chain and reduce dependence on Chinese manufacturing. If successful, Apple plans to increase iPhone battery production in India. Currently, Apple collaborates with Foxconn, Pegatron, and Tata for iPhone manufacturing in India, with Foxconn handling the majority of device assembly. Analyst Ming-Chi Kuo predicts that 20 to 25 percent of global iPhone shipments will be made in India by 2024. This shift in production also helps Apple strengthen its ties with the Indian government, recognizing India as a crucial market with growing demand for Apple products.
Ideal Partner to Take Over Apple Card Deal
As Apple and Goldman Sachs conclude their Apple Card partnership in the next 12 to 15 months, Bloomberg’s Mark Gurman suggests that JPMorgan Chase & Co could be an ideal replacement. Chase, already collaborating with Apple on various financial initiatives, including Apple Pay and an Ultimate Rewards program, is seen as a logical choice due to existing partnerships and shared platforms. If Apple transitions to Chase, considerations may arise for the Apple Savings account, as Chase doesn’t offer comparable high-yield savings. While other potential partners have been mentioned, including Synchrony Financial, Apple’s next steps remain unclear. The Apple Card service will continue uninterrupted as Apple seeks a new partner.