Despite the popularity of Apple's current iPad and iPhone, the company is rumored to have already begun preliminary production on the next versions of those devices. In the latest step in that process, Apple is strongly believed to be working with Sharp to help design the liquid crystal display (LCD) panels for future iPads and iPhones.

According to Apple Insider, Peter Misek, an analyst with securities and investment banking firm Jeffries, reported that the new panels could potentially improve the functionality and consumer appeal of both devices and their related smartphone and iPad accessories.

"This should lead to several design advantages – namely, the device can be thinner, battery life should be longer and the overall experience for users should be meaningfully improved," Misek's report to investors stated, according to the news source.

Misek's report claimed that the new panels would be indium, gallium and zinc (IZGO) screens capable of providing a screen resolution of 330 dots per inch. Replacing the current IPS display technology of the iPhone and iPad, IZGO screens may provide high-definition visuals without the need for dual-bar LED backlighting, for improved viewing angles.

According to GigaOM, Apple turned to Sharp after negotiations came to a standstill with Samsung, the originally planned provider of new iPad and iPhone screens.