A bailout of up to 80 billion yen ($729.3 million) destined for Apple supply chain partner Japan Display has been put on hold, after the Chinese-Taiwanese investment group declared they want to reexamine the potential the deal could provide in returns to the funds.
Japan Display has agreed to a $2.1 billion bailout from a Chinese-Taiwanese group, a deal that effectively saves the Apple display panel supplier, but at the same time puts to an end the Japanese government's attempts to keep the company from being owned by non-domestic entities.
Japan Display was a successful manufacturer of LCD screens, but the industry's move to OLED has seen it fall behind. This Apple Watch contract marks the company's first substantial OLED order.
An Apple supplier, Japan Display, announced on Monday that it's seeking to raise up to $990 million in new financing as it looks to cope with Apple's switch from LCD iPhones to OLED.
Japan Display is reportedly seeking investment to ease its financial burden to Apple over the construction of an LCD factory, with reduced demand for the iPhone and a shift towards OLED making the future tougher for the iPhone display panel supplier.
One of Apple's key suppliers, Japan Display, is getting a bailout of 60 to 80 billion yen — up to $723 million — as it copes with soft iPhone demand and competition from Chinese panel makers.
A report into the misfortunes of LCD supplier Japan Display claims that the company is in trouble because of slow sales of the iPhone XR and will not recover because Apple is moving to OLED for all its phones in 2019.
Several prominent news sources are again blowing a cloud of speculative rumor-mongering that claims Apple's iPhone sales are — perhaps! — in desperate straits. Revised revenue reports from just five firms—out of Apple's 200 primary suppliers—are at the core of these reports, so take a look at how flimsy these conclusions are.
Two important Apple suppliers — Japan Display and TrueDepth sensor provider Lumentum — have cut their revenue forecasts, causing Apple's stock price to dip to its lowest value in over three months.
In a rush to retain Apple as a smartphone display customer, Japan Display on Friday said it plans to raise more than $500 million that will be put towards manufacturing LCD panels for a next-generation iPhone.
A new report claims Apple is meting out display orders for its next-generation iPhone lineup, which is rumored to include two OLED versions — 5.8 and 6.5 inches — and a 6.1-inch LCD variant.
Apple is reportedly considering "Full Active" LCDs by Japan Display for use in some of next year's iPhones, perhaps supporting views it will make a slow transition to OLED.
Analysts predict that recent reorganizational efforts and a financial assist by the Japanese government for Apple supplier Japan Display, the prime supplier of iPhone screens, may not matter much if Apple does in fact shift to OLED screens in the "iPhone 8" and future models.
One of Apple's iPhone suppliers, Japan Display, is reportedly receiving a $636 million bailout from its biggest shareholder, the Japanese government-backed Innovation Network Corp.
Apple is said to be exploring more than 10 potential prototype models in anticipation of next year's 10th anniversary of the iPhone, with the company eyeing an OLED-display curved "iPhone 8" for launch in 2017.
Japan Display, a major Apple LCD display supplier, is reportedly in advanced talks to receive a 75 billion yen ($703 million) bailout from the government-backed fund Innovation Network Corp. of Japan, one of its biggest investors.
Apple iPhone supplier Japan Display might lose backing from its top investor, the government-backed fund Innovation Network Corp. of Japan, if it fails to prove capable of turning a profit independent of Apple's market performance.
LCD manufacturer Japan Display is struggling financially after orders have decreased, and is looking for a secured loan to migrate to new, power efficient, OLED panel production for potential future iPhone use and to preserve the company's future.
Amid slowing sales from a stalling smartphone market, Apple supplier Japan Display is apparently hopeful that future iPhone models could use OLED display technology, helping to once again reignite sales growth.
The two entities bidding for control of Sharp — Hon Hai and Innovation Network Corp. — are both ultimately doing so with Apple as a major factor, a report said on Friday.
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William Gallagher
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