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.RELATED
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- Seen at: appleinsider