Dallas, Texas 01/13/2014 (FINANCIALSTRENDS) – Corning Incorporated (NYSE:GLW), the name behind the display screens on iphones, iPads and to other cell phones and LCD, TVs and more, is unlikely to be affected by the recent use of Sapphire-based display input screen by Apple Inc on its latest version phones.
Corning Incorporated (NYSE:GLW) is a $26.74billion, company with volume trade of 9,828,919 and 0.40 divided rate and PE of 14.80 and EPS of 1.24. The company trades between 52-week high of $18.32 and 52-week low of $11.75. At closing, the stock trades at $18.29 per share.
Sapphires debut will not impact Corning
Apple Inc, on its latest iPhones introduced a small input display, which read thumbprints to start the phone. The technology used is called as sapphire screens which are scratch-proof surfaces and with the right recognition software, fingerprints can allow access to devices.
Sapphire display screens are currently produced by GT Advanced Technologies.
Sapphire is believed to be one of the hardest of earth materials and is nearly scratch proof. However, the very ‘hard’-quality itself makes it a tough proposition for large scale manufacture of sapphire screens.
But, considering the fact that Apple Inc, has since awarded a $578 million contract to GT AT along with upfront cash to supply these screens for the next couple of years, the future of the current Gorilla Glass that Corning Inc provides comes into question.
Counter productively, Sapphire display screens have certain limitations despite their scratch-proof. The display screens appear to have lesser clarity, due to the lesser percentage of opaqueness of Sapphire in comparison to Gorilla glass made by Corning Incorporated (NYSE:GLW), is more fragile across larger surface areas in comparison to Glass and more importantly requires higher energy requirements over Gorilla screen. Additionally, the costs of mass producing Sapphire glass for display screen purposes are nearly ten times that of Gorilla Glass.