Apple’s Acting CEO Tim Cook Announces $3.9 Billion Investment In A Secret Key Component
Earlier today Apple announced its Q1 2011 earnings and like always, we were very impressed with another record profit and revenue. Apple’s CEO Tim Cook and Apple’s CFO Peter Oppenheimer held a Q&A session and they made an interesting statement: the company signed a two-year agreement with three suppliers in order to get its hands on a key component.
Tim Cook didn’t want to say with whom Apple signed this contract and what components it involves, but he said that it will pay up to $3.9 billion in this very strategic move. It is well known that Apple paid a lot of money back in 2005 when the company secured flash memory for the iPod and you all know how good it eventually turned out.
Peter Oppenheimer added that Apple already paid $650 million in Q1 2011 and it’s going to pay an additional $1.05 billion sum in Q2 2011. One of the most important components in the iPhone, iPad, and iPod is that amazing touchscreen which is the best on the market and I think that Apple wants to build better displays.
In the wake of the iPad 2 rumors, it’s the most likely option as sources claim that the tablet will feature a 2048 x 1536 resolution and if you want to reach this pixel density on a 9.7-inch display, then you ought to pay a lot of money.