Apple has purchased expensive production equipment worth tens of millions of dollars and is leasing it back to suppliers to ensure it gets the rigid flexible printed circuit boards it needs for the iPhone 8, reports The Korea Herald.Apple had originally planned to secure the parts it needs for the OLED iPhone from three suppliers; however, a Taiwanese supplier recently backed out of the deal.
The exact reason why the Taiwanese supplier withdrew from the deal with a big client Apple was not revealed. But sources say the firm may have felt a pinch on the tricky production and strict quality requirements along with low profitability.
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