On Thursday, one of the Japan newspaper reported that Apple Inc is all set to invest about $100 million on the Japan Display Inc. Japan Display Inc is also the biggest supplier of Apple.
Reports suggest that Apple faced a loss due to the disappointing sales of the iPhone XR, the only LCD model in Apples’s 2018 line up.
However, Japan Display Inc and Apple denied commenting anything on this report.
Japan Display was pursuing the deal with the Chinese-Taiwanese association; the deal consisted of $741 million worth investment, which would benefit the company. But earlier this month, Taiwan’s TPK holding withdrew the plan of investing, which led to the downfall of Japan display’s shares up to 11 per cent.
Apple’s investment resulted in benefits for the company. The shares rose by 32%, which is the best number the company could expect considering the last few months downfall.
Japan display is failing to keep up with the competitors. Also, they need to shift from the LCD to the Organic-light emitting diode (OLED) display.
Japan Display was formed in 2012 by a government-brokered deal that combined the liquid-crystal display businesses of Hitachi Ltd, Toshiba Corp, and Sony Corp.
Apple’s gadget lines have always been in news. Apple is seen making a shift towards the services and content. Apple is already popular in the smartphone department, with increasing sale every day. The Apple+ TV is the new highlight of the company. The new investments could help the company after the disappointing XR failure.
