Apparently, Sharp has been dropped by Apple for failing to meet the production requirements for high definition displays to be featured on the next generation iPad.
A report in the Korean Electronic Times News, picked up by Patently Apple, explains that LG Display and Samsung Electronics were accepted at Cupertino headquarters, while Sharp failed to hit the mark.
Sharp was competing for iPad 3 business against the two market leaders in LCD panel production, incidentally both from Korea; but according to the report the Japanese company "failed to pass Apple's approval process for mass production." Sharp had been working on developing high resolution panels on the basis of oxide semiconductor TFTs.
The Electronic Times reports that Apple has ordered 65 million panels for the iPad 3 to be shipped by the end of this year. The Korean language website also states that 5 million displays are already on their way to Foxconn, long time Apple partner who is handling the iPad assembly, along with Pegatron.
The iPad 3 is expected to hit the market by the end of this quarter, and as the time approaches the rumour mill is spinning frantically. At this point most analysts agree that the next generation iPad will feature a high-res 2048x1536 pixel display, and after the release Apple should slash the price for iPad 2.