Apple Investing In New Plant That Will Build LCD Screens For iPhones

iphone screen

UPDATE: Looks like Apple is investing in Sharp’s plant, not Toshiba.

Original: Apple is going to invest in a new Toshiba plant opening in Japan to (mostly) build LCD panels for iPhones, Reuters reports.

The factory will cost around $1.19 billion. There’s no word on how much Apple will be investing.

This is a smart use of Apple’s cash. The only thing that can hold it back is not being able to manufacture enough iPhones to meet demand.

See Also: 12 Huge Questions About Apple’s Business

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