Sharp has this morning announced a Â¥10.4 billion ($ 112 million) investment from Samsung that will provide the latter with a 3% stake in the company. It makes Samsung the biggest individual shareholder in the Japanese display maker, and secures its access to Sharp’s LCD panel supplies.
The investment comes at a time when Sharp has been struggling. The company received a $ 4.4 billion bailout from the banks in October 2012, [Read More...]
The success of the iPhone and iPad was supposed to do great things for Sharp. As Apple’s profits have gone up, Sharp has seen an increased amount of orders from Cupertino as Apple tries to distance itself from buying supplies from Samsung.
Even though Sharp supplies Apple with displays for the iPad and iPhone, their stock price has been falling lately, and its investment deal with Foxconn might be in jeopardy.
Tim Cook visits Foxconn, where Apple’s iMacs are traditionally assembled.
Apple CEO Tim Cook has announced that the company will invest over $ 100 million to bring some of its Mac production back to the United States in 2013. At least one model will be made exclusively in the U.S., Cook revealed during an interview on NBC’s Rock Center, though he wouldn’t reveal which model that would be.
“We’ve been working for [Read More...]
Wow. Kindle Fire is going to be huge. Amazon, like Apple, has lots of pieces of the jigsaw puzzle, and has pulled them all together in the Fire. First, there’s the content: check. All the books, music and video you’re likely to want in an average lifetime is already in Amazon’s database. Apps? Yeah, they have them too. Second, there’s the network: check. WhisperSync has proved [Read More...]
