Apple has invested $100 million in Samsung Electronics, in a move aimed at helping the PC maker meet anticipated demand for its new iBook notebook launched last week. (see Newswire 21 July 1999)
The money will go towards expanding Samsung's TFT LCD flat panel display production capacity and ensure that Apple is on the "cutting edge of flat panel display technology" according to the company's interim chief executive Steve Jobs.
"With our new iBook and fast selling Powerbooks, Apple will need more flat displays than ever going forward," he said.
The new iBook, which will begin to ship in September this year, is priced higher than many industry watchers expected, due to an increase in flat panel display prices, Apple executives said.
According to analysts the company is expecting to sell around half a million iBooks during its financial year 2000.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago