I certainly didn't.
I mean it's possible it is LG that will release a MiniLED Ultrafine 5K with 120Hz refresh and not Apple since there was the rumor that LG are working on a new 24", 27" and 32" display and at the time it was presumed they would be for Apple.
If I recall correctly Young's report on the LG displays didn't include resolution just screen size. LG working on a 4K 27" mini-LED for the larger , general monitor market would make sense. Same with the 32" version.
If it was a quirky. 4.5 , 5K , 6K then that would be more indicative of an Apple only solution.
"...
Kuo was referring to a tweet he posted last week when he said that “Apple may not launch new miniLED products this year due to cost concerns.” Although it makes sense that Apple could keep the miniLED technology for bigger displays, it’s weird considering that
9to5Mac and analyst Ross Young believe Apple will launch a new monitor with a miniLED display in the coming months. ..."
Analyst Ming-Chi Kuo hints that there may be no new products with miniLED-display size in 2022, which includes the 11-inch iPad Pro.
9to5mac.com
LG developed some screens and they don't meet Apple's unit cost criteria then Apple won't use them. Apple probably isn't going to sacrifice margin to win some "tech specs" war broiling in the monitor marketplace. If the unit cost won't show up for 12-20 months then Apple can kick those products to a later release date. Those monitors are strategically or tactically critical for Apple.
24" -- if iMacs don't consume panels of that size it is a bigger deal. And if get a Studio 24 out of Apple it likely won't be mini-LED to hit lower costs ( just like the 27" version ). If Apple cranks up the 24" panel to 600nits that would be a 'new' 24" panel. ( I'd be surprised if Apple doesn't cover the Studio Display upgrade there with the iMac's screen to better protect iMac sales. It isn't a mega upgrade. )
27" -- if unit costs way too high at the moment won't fit iMac role either. The Studio and another 27 mini-LED don't make much sense at all even with an extended release separation. If eventually unit costs on mini-LED panel come down low enough they could replace the initial Studio model with a mini-LED version several years out.
If Apple paused due to high costs, it seems doubtful that LG would press ahead and release an even higher end screen. Even if they did it wouldn't be in a super Mac-only chassis.
32" -- 5K for the mainstream market would likely work.
With Covid , supply chain hiccups ( just had factory shutdowns in China last couple of days) , etc there is pretty good chance that mini-LED doesn't starts to drop along the economies of scale and maturity factors to drop low enough for Apple to buy high volumes of large screens at the prices they want to pay ( probably not much more than what they have been paying for "plain" , high DPI LED. )
Young's sources got 'iMac' confused with 'Studio Display' ( because A13 and camera , mics ). Both Kuo and Young are seeing mostly 'parts' that go into Apple products ( talking to component makers). That Apple wanted some parts but they cost too much right now wouldn't be all that surprising. Additionally, not expanding mini-LED usage in the product line likely makes those screens more readily available to the subset of products that already have them. ( If Apple is looking to cause another spike in demand for a M2 iPad Pro and the MBP 14/16" are still running 'hot' against the demand forecast, then Apple will be selling a boatload of mini-LED screens. )