Apple hogs up to 60% of world’s touch panels

The iPad as well as the foresight to purchase components earlier than the rest has led Apple to consume 60% of the world’s manufacturing capacity for touch panels, and as the law of supply and demand comes in to action, you can expect nothing less than a bidding war between competitors for the remaining supply. Kudos once again to the business acumen of the folks over at the fruity company, having picked up 65 million iPad displays around 2 months back, and this has caused their competitors to pay more and outbid each other for the remaining scraps – which would mean a higher cost of manufacturing in the end, and making it harder to turn a profit if they want to price their tablets competitively. Logically speaking, this could be why there is a deluge of 7″ tablet devices that have flooded the market recently.