During Apple's latest earnings call,the company mentioned a $3.95bn investment, the details of which it wasn't about to disclose.
At least one industry analyst seems to have an idea about what that money may have been spent on, however. Morgan Stanley analyst Katy Huberty suggests that Apple may be purchasing a huge backload of displays.
Huberty estimates that in total, the deal could bring the company as many as 100 million iPhone displays or 40 million iPad screens. As the displays were purchased in such bulk amounts, the company could make a better profit when they sell the handsets.
According to teardown estimates, the display is the most expensive single component on the devices, comprising as much as 15 per cent of the total hardware costs on the iPhone.
This isn't the first time in recent weeks that Apple was said to be working with display manufacturers. In December, the company was reported to be working with both Toshiba and Sharp to ramp up production of its display hardware.
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