| Thread Tools |
17th April 2013, 06:58 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,802
| Japan Display avoided Apple disaster One of the main producers of iPhone screens, Japan Display is looking around for new customers after the shine went off Apple's business. Japan Display thinks that it can boost sales by up to 60 percent by hawking its screens to smaller makers of phones and tablets. Apple has pulled back its orders as people lose interest in its products and left many suppliers in trouble. However Japan Display thinks it might increase sales to as much as $8.10 billion, CEO Shuichi Otsuka told Reuters that reducing the outfit's dependence on Jobs' Mob should off-set most of the loses. The company was formed out of a merger of the small panel divisions of Sony, Hitachi and Toshiba last April. It did not mention Apple by name, but it is the company's biggest customer. Wall Street analyst were surprised when Apple's iPhone 5 sales missed their cocaine fuelled expectations and sales fell for three quarters. Otsuka said that before the fourth quarter, his company thought it was going to have quite a loss after a dramatic cut in orders. Japan Display cut costs, boosted productivity at its plants and was able to recover from the October-December loss with sales to other smaller clients. While he had not given up on the company's big clients, Japan Display would continue to talk to clients, Otsuka told Reuters. The company may proceed with its initial public offering at the earliest in fiscal year 2014, or the following year at the latest, Otsuka said. http://news.techeye.net/business/jap...apple-disaster |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Apple supplier Japan Display turning to smaller companies as iPhone demand weakens | Stefan Mileschin | WebNews | 0 | 16th April 2013 06:57 |
Facebook avoided $1 billion in tax | Stefan Mileschin | WebNews | 0 | 19th February 2013 08:03 |
Apple MacBook Pro with Retina Display Review | Stefan Mileschin | WebNews | 0 | 1st August 2012 08:48 |
Apple delays Retina display MacBook Pro, again | Stefan Mileschin | WebNews | 0 | 18th June 2012 08:50 |
Apple unwraps 15'' MacBook Pro with Retina display | Stefan Mileschin | WebNews | 0 | 12th June 2012 07:00 |
Japan Display Inc Unveils Revolutionary New Display | Stefan Mileschin | WebNews | 0 | 8th June 2012 07:20 |
Apple makes an arse of itself in Japan | Stefan Mileschin | WebNews | 0 | 7th October 2011 06:25 |
iPhone 4S landing on October 14th according to Apple Store page in Japan | Stefan Mileschin | WebNews | 0 | 5th October 2011 06:38 |
Shooting rampage avoided due to MySpace posting | jmke | WebNews | 0 | 22nd April 2006 10:21 |
True 3D Display Technology Demonstrated in Japan | jmke | WebNews | 0 | 10th February 2006 19:10 |
Thread Tools | |
| |