Apple supplier AMS-Osram said a key project was cancelled — aka a MicroLED Apple Watch Ultra. Analyst Ming-Chi Kuo says on X that means the whole project is cancelled, citing Osram as Apple’s sole MicroLED supplier. Bloomberg’s Mark Gurman also said on X that nah, AMS-Osram was but one of several suppliers Apple is working with.

Only Apple knows the truth, but I wouldn’t be surprised if a MicroLED Ultra is delayed.