Sharp is one of the manufacturers that helps make the displays that Apple uses in some of their iOS products, although it seems that the Japanese company will be forming some sort of close alliance/partnership with Samsung in hopes that the South Korean company will be able to pull them out of their financial slump. According to Reuters, Sharp will be entering a three-year rehabilitation program in hopes of recovering financially, especially after losing $5.4 billion in the last fiscal year.
One of the strategies the company has employed is to increase their reliance on Samsung and cooperate with the company with regards to the technologies used in the displays of mobile devices. This is particularly interesting because not only does Sharp manufacture for Apple, but in a bid to reduce their own reliance on Samsung, Apple has turned to companies such as Sharp and LG instead. We’re not sure if this increased reliance and cooperation with Samsung will affect Sharp’s relationship with Apple in the future, so we guess we will have to wait and see how this one plays out.
Next Story: Coffee With Tim Cook Auction Ends At $610,000
- 2014-04-13: Galaxy S5 Launch Day Sales Beat Galaxy S4 [Report]
- 2014-04-13: Android 4.4 For Galaxy S3 And Galaxy Note 2 Still On The Cards
- 2014-04-13: Google Executive Says No iPhone Features Were Copied For Android
- 2014-04-13: Samsung Galaxy S5 Root For T-Mobile And Sprint Variants Available
- 2014-04-11: Galaxy S5 PayPal Fingerprint Support Disabled By Verizon
- 2013-06-24: Qualcomm's $120 Million Investment In Sharp Completed
- 2013-03-06: Samsung Invests $111.6 million Into Sharp
- 2012-06-29: Apple To Shift Half of iPad Display Sourcing to Sharp. Samsung May Be Hit [Rumor]
- 2011-11-17: Samsung and Sharp rumored to be shipping display panels for Apple's iPad 3
- 2011-08-17: Apple to invest $1b in Sharp?