Japan Display was born when the LCD units of three firms, Sony, Toshiba, and Hitachi, decided to combine. For a long time, the company provided Apple with LCD displays for the iPhone and iPad. But it was caught napping when Apple started using OLED panels on some iPhone models. As a result, the company was awash in red ink losing $260 million in 2017 and $2.3 billion last year. Japan Display was forced to restructure, but a deal fell apart at the last minute. Eventually, Apple invested $100 million in the company, moved some of its LCD production from China to Japan Display, and the restructuring ...
Sunday, 20 October 2019
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