Sony Corporation (NYSE:SNE) today reported its first annual profit for the last five years owing a great deal to weakening of the yen. However, expecting the same trend to continue in the coming quarters is questionable. The electronics and entertainment company posted a net profit of ¥43 billion, or $435 million at the current exchange rate for the year ended in March, versus the loss of ¥456.7 billion a year earlier. Sales for the year...
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Sharp Corporation (OTCMKTS:SHCAY) (TYO:6753) will start manufacturing of LCD panels for iPhone 5S from its Kameyama Plant No. 1. There are expectations that the much awaited next generation iPhone from Apple Inc. (NASDAQ:AAPL) will be launched in the third quarter, according to Japan’s Nikkan Kogyo Shimbun. The capacity of Kameyama plant has not been fully utilized because of the decline in the LCD business of Sharp. The plant has used only 40 percent of...
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Sharp Corporation (PINK:SHCAY), the struggling Japanese electronics manufacturer is planning to sell its 30 million shares or 9.2 percent stake in Pioneer Corp (TYO:6773), according to a report from Japan Times. According to the report, Sharp Corporation (PINK:SHCAY) is looking for buyers for its shares in Pioneer Corp (TYO:6773) since last year, as the company aims to raise funds to finance its restructuring initiatives. The beleaguered electronics manufacturer also aims to meet the redemption...
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Foxconn Technology Co., Ltd. (TPE:2354) and Sharp Corporation (PINK:SHCAY) (TYO:6753) will continue to work on resolving their differences regarding the investment term even after the deadline has passed. There was a one-year deadline for both companies in order to arrive at the decision regarding the investment terms in a bid to save Japan’s Sharp, which is reeling under financial crisis. However, according to a source both the companies failed to reach on any conclusion regarding...
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Sharp Corporation (ADR) (PINK:SHCAY), ailing Japanese electronics maker said that it will miss a March 29 deadline to receive the second half of a $120 million investment from the Chipmaker Qualcomm, Inc. (NASDAQ:QCOM). Sharp will not be getting the remaining half of the investment amount as it failed to complete a plan to start fabricating power-saving screens, which is being developed by the two companies together. San Diego based chipmaker, Qualcomm paid half of...
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AAPL faces threat from Samsung’s investment in Sharp. Recently, Samsung purchased a small stake in Sharp in order to secure a steady supply of display panels. Apple, which sources around a third of its display panels from Sharp, will face increased competition from Samsung for Sharp’s production capacity. This is a by-product of increasing competition in the overall smartphone industry, which could cause Apple to lose leverage over its tightly controlled supply ecosystem thereby...
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Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) has decided to invest 10.4 billion yen ($111.5 million) in Sharp Corporation (TYO:6753). to get the supply of large sized LCD panels. Samsung will acquire a 3 percent stake in Sharp after this agreement along with the supply of large LCD panels for televisions. Through this third party Allotment Capital, the companies aim at increasing mutual trust relationship in the area of corporate value of Sharp Corporation (TYO:6753) and Samsung...
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Apple Inc. (NASDAQ:AAPL) is testing out several TV set designs, according to the executives at some of Apple’s suppliers, who declined to be named. This is the latest evidence that Apple Inc. (NASDAQ:AAPL) is seeking to release a TV set and is working with manufacturers, like Sharp and Hon Hai, to examine designs for a large screen, high resolution TV. The Wall street Journal disclosed that the project is in its nascent stage, according to unnamed...
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QUALCOMM, Inc. (NASDAQ:QCOM) has agreed to acquire a stake in the struggling Japanese TV maker, Sharp Corporation (PINK:SHCAY), by investing as much as $120 million. The investment will make Qualcomm the biggest shareholder, with a 2.6 percent stake in Sharp, based on its 191 billion yen market value yesterday. As per the terms of the deal, QUALCOMM, Inc. (NASDAQ:QCOM), through its Pixtronix subsidiary, will work with Sharp. In the future, two companies could also work together on...
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Intel Corporation (NASDAQ:INTC) and Dell Inc. (NASDAQ:DELL) have been offered stakes in the Japanese electronics company Sharp Corporation (PINK:SHCAY). Sharp’s future has been in doubt recently due to management issues, and the company is now desperately seeking investors in order to stay afloat. Sharp, which makes display monitors, is reportedly in talks with the semiconductor maker Intel Corporation (NASDAQ:INTC) and technology corporation Dell. Sharp Corporation (PINK:SHCAY) is said to be seeking investments of $480 million....
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Panasonic Corporation (NYSE:PC) (TYO:6752) reported a 16 percent gain in the second-quarter operating profit as it streamlines the loss-making TVs and focus on batteries and household appliances. For the quarter that ended Sept. 30, company posted an operating profit of 48.8 billion yen ($613.22 million) against a profit of 42 billion yen a year ago. The announced results were lower than the estimate of 55.6 billion yen profit by the analysts. The electronics conglomerate also lowered its...
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