Apple Is Reportedly Developing Its Own MicroLED Screens. Here’s Why That’s Such a Big Deal.

Apple is reportedly developing its own screens, and the news is hurting the company’s suppliers.

Apple currently uses screens manufactured by companies including Samsung Electronics, Japan Display, Sharp, and LG Display. According to Bloomberg, several of these suppliers suffered in the Asian markets after Apple’s development plans were reported. Japan Display was down as much as 4.4%, Sharp 3.3%, and Samsung 1.4%. However, Apple shares were also down 1.3% in early trading in New York.

If Apple is able to develop its own screen it will not only affect its contracts with display providers, it has the potential to give Apple a significant edge over the competition. The screen that is reportedly in development, a MicroLED screen, would make phones brighter and slimmer as well as giving them a longer battery life compared to current OLED and LCD displays.

But Apple isn’t the only company working on MicroLED. At the Consumer Electronics Show in January, Samsung revealed a 146-inch MicroLED television dubbed “The Wall.” Apple is reportedly interested in a much smaller MicroLED screen: the company is expected to roll out the new screens first in the Apple Watch. That’s bad news for LG Display, the current supplier of Apple Watch’s OLED screens.

But MicroLED isn’t a sure bet. By the time the technology is ready for prime time, a new type of screen might have surpassed its quality.

Apple did not immediately return Fortune‘s request for comment. A company spokesperson declined to comment to Bloomberg.

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.

Read More

Artificial IntelligenceCryptocurrencyMetaverseCybersecurityTech Forward