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Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

CNET3 days ago
As we saw earlier this year, Samsung Display knows folds. And apparently that innovation has led them to a major win -- producing crease-free displays for the iPhone's first foldable cell phone in 2026.
Samsung Display (SDC), which is an entirely separate company from Samsung itself and produces screens for many other companies, will reportedly begin mass production of its flexible folding screens later this year in time for Apple's foldable iPhone launch in summer 2026, as reported by Korea JoongAng Daily.
Rumors that Apple will launch its first folding iPhone, possibly called the iPhone Flip, in 2026 are growing stronger all the time, but Tuesday's report seems to indicate that Apple will not be producing its crease-free screens in house. Industry insider Ming-Chi Kuo says the move could mean that Apple is more confident in SDC to "ensure stable mass production of the foldable iPhone in 2026."
In a phone market increasingly populated with foldables, Apple has taken its time to do it right (and they'd better). And why not deploy a company like Samsung Display, which boasts innovations include a double-folding display and even stretchable screens.
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The 2 Chain Restaurants Texas Roadhouse Owns
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Popular chain steakhouse Texas Roadhouse is known for its steak dinners and signature seasonings, but you may not know that it owns two other restaurant chains, Jaggers and Bubba's 33. Texas Roadhouse, Inc. is the owner of the famed titular steakhouse and parent company to its other two brands. Bubba's 33 is a sports-themed family restaurant that serves typical American fare such as hamburgers, pizza, and wings. The standard sports bar-type atmosphere and food are a far cry from Texas Roadhouse's Western theme. Jaggers serves similar food to Bubba's, though it's focused more on burgers, chicken, and salads, and has more of a fast-casual setup focused on speed and efficiency. Yet, for all those differences, there's some key shared details: both Jaggers and Bubba's 33 were founded by Kent Taylor, the same man who created Texas Roadhouse. All three restaurant chains have enjoyed success thus far, with Texas Roadhouse alone featuring nearly 800 locations in 49 U.S. states and 10 nations. As of writing, Bubba's 33 has 49 total locations in 15 states, and Jaggers boasts 20 locations across seven states and at least one restaurant in South Korea. It's no surprise that Texas Roadhouse is the biggest of the three, given that it's the company's main focus and has been in business since 1993, decades before the 2013 debut of Bubba's 33 and Jaggers' entrance onto the restaurant scene in 2014. Read more: The Fast Food Chains That Use Fresh Never Frozen Burgers Texas Roadhouse Is Expanding Its Other Brands Texas Roadhouse executives have been very pleased with both Bubba's 31 and Jaggers' success and are looking to further expand both restaurants. In Q1 of 2024, Bubba's pulled in average weekly sales of $120,000. As CEO Jerry Morgan told Nation's Restaurant News that year, it has "a growing pipeline for the coming years." Between Texas Roadhouse and Bubba's, 30 new locations are scheduled to open in 2025. While it's unclear exactly how many of these locations will be Bubba's 31-branded, the future looks promising for the restaurant nonetheless. Similarly, Jaggers is expected to open additional locations in 2025, including three franchise partners and additional international locations. Jaggers' growth has been slower than Bubba's or Texas Roadhouse due to its focus on fast dining and the company's efforts to establish itself in a relatively new-to-them industry. What all this expansion means for Texas Roadhouse itself is unclear. Still, company leadership has expressed confidence, while the current and projected numbers are hard to ignore. Given that Texas Roadhouse recently dethroned Olive Garden, it surely seems wise to continue the support of the company's biggest money-maker while also working on the two subsidiary brands. Read the original article on Foodie. Solve the daily Crossword

GP Industries' (SGX:G20) Solid Earnings Have Been Accounted For Conservatively
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The market seemed underwhelmed by last week's earnings announcement from GP Industries Limited (SGX:G20) despite the healthy numbers. We did some digging, and we think that investors are missing some encouraging factors in the underlying numbers. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. How Do Unusual Items Influence Profit? For anyone who wants to understand GP Industries' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by S$9.9m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If GP Industries doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of GP Industries. Our Take On GP Industries' Profit Performance Because unusual items detracted from GP Industries' earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think GP Industries' earnings potential is at least as good as it seems, and maybe even better! And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For instance, we've identified 3 warning signs for GP Industries (2 don't sit too well with us) you should be familiar with. Today we've zoomed in on a single data point to better understand the nature of GP Industries' profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio

Spud-tacular: How India became a french fry superpower
Spud-tacular: How India became a french fry superpower

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Spud-tacular: How India became a french fry superpower

French fries turned around the fortunes of Jitesh Patel. He comes from a family of farmers in Gujarat in the northwest of India. Traditionally they grew cotton, but the returns were poor. Droughts in 2001 and 2002 made the situation worse and the Patels knew things had to change. "We realised that we had to start growing something that does not require lot of water," Mr Patel says. So, they experimented with potatoes. Initially they tried table potatoes; the kind available in local markets and cooked at home, but the returns weren't much better than cotton. Spurred by the arrival of french fry makers in their state, in 2007 they started growing the varieties of potato used by the food industry. It turned out to be a winning strategy. "Since then, no looking back," says Mr Patel. Mr Patel is part of India's rise to potato superpower status. It is already the world's second biggest spud producer. But it's the export market, particularly of french fries, that's really flying. Gujarat has become India's capital of french fry production, home to huge factories churning out chips, including facilities belonging to Canadian giant McCain Foods and India's biggest maker of French Fries, HyFun Foods. From Gujarat fries are sent all over over the world. But the most important markets at the moment are in Asia, including the Philippines, Thailand and Indonesia, according to Devendra K, who has been studying the potato market for many years. In February of this year, monthly exports of Indian frozen fries broke the 20,000 tonnes barrier for the first time. In the year to February, India's fry exports totalled 181,773 tonnes, a 45% increase compared with the previous year. The success is partly down to price. "Indian frozen fries are noted for being competitively priced in the international market," says Devendra. He says that in 2024, the average price of Indian fries was even cheaper than those from China. For the french fry makers, it's boom time. "India has emerged as a significant player and exporter due to its abundant agricultural produce, cost-effective manufacturing, and growing focus on quality standards," says Haresh Karamchandani, CEO of HyFun Foods. HyFun has seven plants processing potatoes in Gujarat with another two coming online by 2026. "Urbanisation, increasing disposable incomes and changing lifestyles have promoted the consumption of frozen foods, not only in the household but also in food service establishments," says Mr Karamchandani. Meeting that demand has required decades of innovation from farmers. Jitesh Patel studied agriculture at university and has been applying science to farming ever since. Along with friends and family they are continuously trying to improve their potato yield. "We are a well educated bunch of farmers, so we keep trying new methods," he says. One of their first innovations, back in 2003, was to switch to a drip system of irrigation, rather than flooding fields with water. To keep the soil productive the fields are rested over the summer, and fertilised with cow manure. Their focus now is finding the perfect potato plant. "We are in the process of experimenting with seeds and soon we will have a new variety," he says. Jain Irrigation Systems is a large agricultural technology company. As well as selling irrigation equipment, it has teams of technicians developing seeds for agriculture, including potato plants. They use a set of techniques known as tissue culture. It's a way of cloning plants, with desirable traits and eliminating disease. It involves growing small pieces of plant tissue in a controlled laboratory environment to create virus-free plantlets. These plantlets can then be used to produce more seed potatoes through methods like taking cuttings. "Potato seeds destined for future seed production undergo meticulous breeding practices under the supervision of breeders," says Vijay Singh, vice president of marketing at the company. One issue they are tackling at the moment concerns a variety of potatoes used to make chips. Farmers found that by November the potato crop starts to go brown because of its sugar content. "Companies like us who are into tissue culture are trying to come up with a new variety to overcome the challenges that the industry is facing," says Mr Singh. While Indian farmers are working on improving their yields, investment is needed elsewhere in the frozen food industry. In particular, firms need to be able to store and transport goods at sub-zero temperatures. Modern cold storage facilities have been built, but more are needed. "Only about 10–15% of India's cold storage facilities are suitable for storing frozen foods," says Vijay Kumar Nayak, co-founder of Indo Agri Foods, an exporter of Indian food. "These facilities are unevenly distributed, heavily concentrated in a few states, leaving rural and remote regions severely underserved. Transportation is a problem as well. "There is a notable shortage of specialised refrigerated trucks and containers, making temperature-controlled transportation extremely difficult and increasing the risk of spoilage," he says. A reliable electricity supply is also essential. "Frequent power outages in many parts of the country increase the chances of spoilage and make running a reliable frozen food supply chain a daunting task," says Mr Nayak. "Indian companies face intense competition in export markets from countries like China, Thailand and Brazil. These nations benefit from more advanced logistics, infrastructure, and production systems," he points out. Back at his Gujarat farm Mr Patel is happy that the chip makers moved in. "Gujarat has become a food processing hub. Most of the farmers, including me, have become contract farmers which gives us security and good money for our yield," he says. 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