Apple is close to awarding at least one company with a contract to supply displays for its long-rumored iWatch, according to a new report.
LG Display is close to signing a deal with Apple to provide flexible organic light-emitting diode panels (OLED) for its iWatch smartwatch, Korea Herald reported on Tuesday, citing people who claim to have knowledge of the negotiations. LG Display, however, will be the secondary supplier, the news outlet's sources say. Taiwan-based RiTDisplay will be Apple's first choice.
The iWatch has been rumored to be in the works for months. There was even talk about the possibility of Apple launching the device this year. After Apple's media event last week turned up no new product categories, however, speculation has been that Apple's next move will be to launch the iWatch next year.
Samsung, which already has a smartwatch in the Galaxy Gear, is also capable of producing the kind of OLED displays Apple reportedly wants for its iWatch. According to Korea Herald, Apple and Samsung Display met to discuss working together, but the negotiations apparently went nowhere.
CNET has contacted Apple for comment on the report. We will update this story when we have more information.