Samsung sole supplier of new iPad screens

Talk about an awkward business arrangement, its has been revealed that Samsung will be the sole supplier of screens for the new iPad from Apple due to LG and Sharp not being able to meet Apple's quality requirements. This would be a great arrangement if it wasn't for the fact that Samsung is Apple's #1 competitor in the phone and tablet market and basically Samsung is bashing Apple with their commercials and the two companies have traded lawsuits back and forth for the past couple years. Bloomberg has more on this story.

Samsung Electronics Co. will supply the screen for Apple Inc. (AAPL)’s new iPad after LG Display Co. and Sharp Corp. didn’t meet the U.S. company’s quality requirements, an analyst with iSuppli said.

Samsung, the world’s top flat-panel maker, currently is the sole vendor of the display for the 9.7-inch, touch-screen device that goes on sale March 16, said Vinita Jakhanwal, a senior manager at iSuppli, a unit of Englewood, Colorado-based IHS Inc. Samsung’s shares surged to a record.