Apple May Be Sharp’s Only Means Of Staying Afloat

 

Sharp’s days appear to be numbered. They aren’t progressing too well as a company at this point, mainly due to their consumer business of selling televisions failing during current times. According to Reuters, Sharp is cash-strapped and may actually need to dump their television business to survive.

Rather then continuing on as a consumer business, Sharp should focus more on supplying parts for companies. As we all know, Sharp is one of Apple’s main suppliers for a variety of iPhone and iPad parts. Apple could be one of the main reasons Sharp doesn’t close-up or file for bankruptcy.

Bloomberg has the report:

Sharp’s shares collapsed to the lowest level in 37 years in Tokyo and its bonds fell after the maker of Aquos TVs forecast an annual loss of 250 billion yen ($3.2 billion), bigger than the company’s market valuation.

If you recall, Foxconn invested 133 billion-yen into Sharp Corp back in March, a deal that was re-negotiated last week after Sharp’s shares plummeted. At first, speculation was high that the deal was in-regards to an Apple Television set, however that now seems unlikely. With Sharp having such a huge presence in Apple’s supply chain, I’m sure they won’t be going anywhere. Without Sharp, Apple itself could be ‘part-strapped’ due to an absence of parts.

In other news, Sharp’s President Takashi Okuda disclosed during a press briefing late last week that ‘iPhone 5’ displays would soon begin shipping off to Apple.

[via BloombergReuters]

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  • 1His_Nibs1

    Well I heard Sharp was part of or involved in price fixing of their LCD panels with another one or two companies…..if that was true then you reap what you sow! For that very reason I will never own a Sharp branded product!