Reuters reported exclusively that Japan Display Inc, one of the world’s top vendors of liquid crystal display panels, is looking to China Silkroad Investment Capital for a bailout after its sales to Apple Inc slowed. The slowdown in iPhone sales, combined with a proliferation of new iPhone models, many of which use newer organic light-emitting displays, has left Japan Display’s new factory running at half capacity. It still owes Apple a majority of the construction cost, one of the company sources said, but the source declined to give the exact amount.
Politics
Reuters exclusive: Apple’s iPhone struggles unravel ambitions of Japan Display
24 March 2019, 12:00 am. 1 minute
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Topics of Interest: Politics
Type: Reuters Best
Sectors: Equities
Regions: Americas
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