OLED iPad Pro expected to be considerably more expensive than current models

Apple has long been rumored to be working on new OLED iPad Pro models that could be unveiled as soon as next year, with a new report today suggesting that the devices could be considerably more expensive than current models due to the new OLED technology.
According to sources cited by TheElec, Apple is facing price hikes due to new production processes for the OLED iPad models that could result in panels being two to three times the price of existing OLED panels of the same size – an expense that will likely be passed down to the consumer when the new 2024 iPad Pro models are launched.
As it stands, Apple sells the 12.9-inch iPad Pro with a mini-LED display, and the 11-inch iPad Pro with a traditional LCD display, with Apple keeping the mini-LED display technology exclusive to the largest model in the lineup.
With the OLED versions, both the 12.9-inch and 11-inch iPad Pro models are expected to benefit from the improved display technology.
In general, OLED displays offer a better viewing experience over LED thanks to several advantages in display quality including a larger color range and high contrast levels, better handling of darkness and lighting precision, and fast response times.
It has been reported that Samsung Display is preparing to open an all-new production line for OLED iPad models.