Apple Gets Sharp To Devote An Entire Plant For Itself
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Mon, Jan. 6, 4:04 PM
- A Chinese site reports (translation) Samsung is having trouble mass-producing Super AMOLED displays featuring 2K (2560x1440) resolutions for the Galaxy S5, and has thus decided to have its next-gen flagship phone use Sharp (SHCAY) LCDs.
- Universal Display (OLED -2.4%), which gets over half its revenue from Samsung, sold off in afternoon trading thanks to the report. The relatively moderate size of the drop suggests investors have their doubts about the report.
- Ramping sales to Samsung - particularly sales of green host/emitter materials for the Galaxy S4 and other high-end Samsung smartphones - allowed Universal to post triple-digit materials revenue growth in Q3.
- Samsung announced in November it plans to launch phones with 2K displays in 2014, and phones with 4K displays in 2015. There's plenty of skepticism regarding the practical value of placing such high-res displays on smartphones.
Apr. 10, 2013, 8:37 PMSharp (SHCAY.PK +9%) gains today after saying it's October-March operating profit will come in well above forecasts. The company likely generated slightly more than ¥20B ($200M) in group operating profit in the October-March period, surpassing the standing projection of ¥13.8B, thanks to such factors as payroll cutbacks and increased sales of LCD panels to Samsung Electronics. | Comment!
Feb. 4, 2013, 3:07 AMPanasonic (PC) shares surge 17.9% in Tokyo - the stock's biggest gain since September 1974 - after the company made a surprise profit in FQ3. "Panasonic seems to have turned a corner,” says fund manager Masamitsu Ohki. "That is easing investor concerns about its survival." Sony (SNE) climbed 7.5% ahead of its earnings on Thursday, while Sharp rose 5.5% after it last week reported its first operating profit in five quarters. | Comment!
Jan. 14, 2013, 7:36 PM
Dec. 17, 2012, 8:13 PMJapanese shares are higher in early trade, extending their gains from yesterday on strength in the yen and a boost from Wall Street overnight. The Nikkei Average is up 0.5% to 9,872, with blue-chip exporters leading: Olympus (OCPNY.PK +2%), Sharp (SHCAY.PK +5.7%), Mazda (MZDAY.PK +1.3%), Kawasaki Heavy Industries (KWHIF.PK +1.5%) and Nomura (NMR +3.5%). | Comment!
Nov. 5, 2012, 8:24 PMShares of Sharp (SHCAY.PK) fall 3.9% in early Japanese trading after Standard & Poor's cut its debt rating on the company by three notches to B+, and changed it's financial-risk profile to "highly leveraged" from "significant" on the back of last week's disappointing earnings announcement. | Comment!
Oct. 22, 2012, 1:47 PMSamsung (SSNLF.PK) says it has terminated its LCD supply contract with Apple (AAPL), and will no longer provide panels to the company due to price disagreements. Rivals LG Display (LPL +2.2%), AU Optronics (AU -1%), and Sharp (SHCAY.PK), who are already supplying Apple, should benefit. Apple has already shifted memory purchases away from Samsung, and reportedly wants to migrate its app processor manufacturing to TSMC. Update: A Samsung spokesman now denies the Korea Times' report. | 46 Comments
Aug. 3, 2012, 6:59 PMSharp (SHCAY.PK) fell 28.1% in Tokyo after warning it expected a ¥100B ($1.28B) operating loss this fiscal year, announcing 5K job cuts, and getting downgraded by Moody's and S&P. In response, Foxconn parent Hon Hai (HNHAF.PK) says it isn't obligated to go through with plans to buy a 9.9% stake in Sharp at a higher price, but Sharp feels differently. The dispute could have implications for Apple (AAPL), which relies on both companies, and might have tapped them to help build a TV. | Comment!
Jun. 18, 2012, 12:39 PMHon Hai Precision (HNHAF.PK), parent of contract manufacturer Foxconn, says it will buy more shares of Sharp (SHCAY.PK) due to the recent decline in the latter's shares. In March, Hon Hai announced it would take a 9.9% stake in Sharp, while chairman Terry Gou would take a 46.5% stake in the company's display ops. Today's news resulted in a 5.6% gain for Sharp on the Tokyo exchange, and has led to new speculation the tie-up is related to Apple TV production. | Comment!
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Sharp and its subsidiaries are engaged in the manufacture and sale of consumer/information products and electronic components. Co.'s principal business segments are electronics equipment and electronics parts. Co.'s products include LCD color TVs, high vision TVsl color TVs, TV/VCR combos, DVD... More
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