Apple supplier drowns in red ink for the 11th consecutive quarter

, Japan Display, the company that Apple uses to source LCD panels for certain iPhone and iPad models, reported its 11th consecutive quarterly net loss. For the three-month period between July and September, the company lost $233 million compared with the $71.7 million loss it reported during the same quarter last year. The company relies on Apple for more than half of its business and with the manufacturer using OLED panels on two of its 2018 and two of its 2019 handsets, JDI isn't getting the same amount of business from Cupertino that it used to.

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