Sharp posts quarterly loss

Stefan Mileschin · 2nd August 2013, 08:01

Despite posting a small 15.36 million yen ($182 million) loss, it would be hard to call Sharp's latest Q1 2013 financial quarter anything but a success after last year's $1.2 billion debacle. After gaining investment from companies like Samsung and, more recently, Qualcomm, Sharp saw revenue up 32.6 percent to 607 billion yen ($6.2 billion) on strong LCD demand. In fact, sales of small- and medium-sized panels for smartphones and tablets were up a hefty 54.8 percent over Q1 2012, with its electronics division up 46.6 percent overall. The company thinks it'll hit a net profit for the fiscal year thanks to "high-value" 4K LCD TVs, Aquos phones in Japan and more IGZO displays for upcoming handhelds. If devices like a rumored Retina iPad mini with a Sharp-built display bear fruit, we may just believe it.

http://www.engadget.com/2013/08/01/s... ign=Engadget

2nd August 2013, 08:01	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Sharp posts quarterly loss Despite posting a small 15.36 million yen ($182 million) loss, it would be hard to call Sharp's latest Q1 2013 financial quarter anything but a success after last year's $1.2 billion debacle. After gaining investment from companies like Samsung and, more recently, Qualcomm, Sharp saw revenue up 32.6 percent to 607 billion yen ($6.2 billion) on strong LCD demand. In fact, sales of small- and medium-sized panels for smartphones and tablets were up a hefty 54.8 percent over Q1 2012, with its electronics division up 46.6 percent overall. The company thinks it'll hit a net profit for the fiscal year thanks to "high-value" 4K LCD TVs, Aquos phones in Japan and more IGZO displays for upcoming handhelds. If devices like a rumored Retina iPad mini with a Sharp-built display bear fruit, we may just believe it. http://www.engadget.com/2013/08/01/s... ign=Engadget

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss	Stefan Mileschin	WebNews	0	23rd August 2012 08:15
Zynga Posts Big Loss to Start 2012	Stefan Mileschin	WebNews	0	30th April 2012 08:21
Nintendo Revenue Plummets, Posts Annual Loss for the First Time	jmke	WebNews	0	26th April 2012 16:51
Intel Declares Quarterly Cash Dividend	Stefan Mileschin	WebNews	0	23rd March 2012 06:37
Nvidia posts $141 million loss	jmke	WebNews	0	13th August 2010 15:36
AMD Posts Q3 Loss Smaller than Analysts Expected	jmke	WebNews	0	16th October 2009 14:31
Nvidia posts second consecutive quarterly loss	jmke	WebNews	0	8th May 2009 15:25
Intel Increases Quarterly Cash Dividend by 10%	jmke	WebNews	8	22nd March 2008 21:06
AMD posts 3Q loss despite rising sales	Sidney	WebNews	1	19th October 2007 09:16
AMD posts quarterly loss amid Intel price war	Sidney	WebNews	3	20th April 2007 09:16