Apple is purportedly facing difficulties in sourcing 120Hz driver ICs for iPhone, according to display analyst Ross Young. This could mean that the iPhone 12 will launch with a 60Hz display.
Hearing that Apple can get 120Hz Pro panels, but not 120Hz driver ICs. So they will either have to come up with a fix which will be difficult, wait for 120Hz driver ICs and delay the launch possibly significantly or launch with 60Hz. We are hearing they will launch with 60Hz.
Young notes that Apple can move mountains and 120Hz can't be ruled out entirely.
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