During Apple's recent earnings conference call, Tim Cook confirmed Apple was spending $3.9 billion on pre-payments for unspecified components. Aware of the AMOLED display shortages that plague the mobile phone industry, analysts and tech pundits alike assumed Cook was referring to the LCD displays used in the iPhone, iPod touch and the iPad.
One early hint of a manufacturing deal for display technology surfaced in early 2009 when Apple reportedly signed a five-year deal with LG to supply displays for its notebooks and Cinema displays as well as the iPhone and iPod touch. A more recent rumor suggested Apple was investing in a