Posted by Tsepz_GP
Sharp needs help. The consumer electronics company on Tuesday posted a worse-than-expected $5.4 billion loss for the previous fiscal year, and it released its plan to turn things around over the coming three years. For one thing, the company intends to tap banks for $1.5 billion in funds. Sharp also said it will look to boost smartphone display sales to Samsung as business with its top client Apple begins to slow.
“A key challenge for Sharp’s recovery, however, is keeping its factories busy enough to earn profits that will satisfy its creditors despite slowing growth in its business making screens for Apple’s iPads and iPhones,” Reuters’ Reiji Murai and Tim Kelly wrote in a report on Tuesday.
Sharp said it expects to swing to a profit of approximately $787 million in the current fiscal year.
Posted by Bonovox
This is not to do with phones is it?? Sharp have hardly been in the market for years or is this their electronics overall??
[ This Message was edited by: Bonovox on 2013-05-14 19:41 ]
Posted by etaab
They're more a component manufacturer these days. You find Sharp components in many products. Sadly, they're often lower quality.