Thursday, August 2, 2012

Apple Inc.(NASDAQ:AAPL) - Sharp to Begin Shipments of Screens for New iPhones This Month

Japan's Sharp Corp said on Wednesday it would start shipments of screens for Apple Inc.’s (NASDAQ:AAPL) new iPhones this month.

Sharp is among the three vendors identified by Apple last year to make screens for its mobile devices. The other two are LG Display and Japan Display Co.

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Shipments of the screens would start in August, Sharp President Takashi Okuda told reporters after releasing its quarterly earnings, but declined to give a specific date.

Apple is widely believed to launch the latest version of its iPhone on September 12. This phone is crucial for the company as it seeks to close the gap between it and Samsung which has taken a smart lead in the smartphone market.

The iPhone maker will be looking to make up for lost ground with the new phone, that is supposed to be a much improved version of the existing iPhone 4S.

The screens for the new phone at 4 inches are expected to be much larger than the existing ones, according to images of the screen which have been leaked. Incidentally Samsung's new Galaxy phones have a 4.8 inch screen.

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Shares of Apple were trading lower by 0.45 percent at $605.05 in morning trades on the Nasdaq after moving within a range of $600.25 & 610.69.

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