Apple is closing in on an agreement with LG Display and Samsung to provide it with OLED screens for the next-generation iPhones, says a report from ET News. According to the rumors, the iPhones will feature OLED panels starting in 2018.Apple Closing On OLED Screen Deal With LG, Samsung For iPhones

LG ramping up OLED capacity

The two Korean companies will jointly engage in building the OLED production capacity over the next two to three years and will spend around $12.8 billion (15 trillion won). Both LG and Samsung will likely receive some funding from Apple, added ET News.

The report further informs readers that LG is thinking of cutting costs by converting existing LCD production lines into OLED production lines. On the other hand, Samsung will produce 30% less orders than LG. Last month, a report from Nikkei claimed that starting in 2018, Apple will make a switch to OLED displays in iPhones, and a large portion of OLED panel production will be shared jointly by LG and Samsung.

Considering the massive requirement of OLED screens owing to heavy iPhone demand, LG was already planning capacity upgrades. Another report earlier this month claimed that mass production of OLED displays for the iPhones will also take place at Japan Display starting in 2018.

Since OLED displays provide sharper images and brighter colors compared to LCD displays, therefore, they are more preferred. However, there are few drawbacks as well. They come with higher manufacturing costs and have shorter life spans. Apple intends to minimize these potential drawbacks, and so it is reportedly been consulting the display makers.

Apple’s iPhone 7 to be waterproof

A new rumor claims that the iPhone 7 will be waterproof and will receive chassis components from Catcher Technologies. The rumor also claimed that the new device will make use of “new compound materials” to conceal the antennas. On Tuesday, a report from the Commercial Times reported that the supply of 30% to 35% of chassis shipments for the new hardware will come from Catcher.

With this, Catcher will be Apple’s largest chassis partner. Previously there were also rumors regarding the possibility of a waterproof iPhone design, but mentions about antenna changes have not come from any other sources before. There are chances that Apple could conceivably integrate the part into the chassis itself.