Sharp operating losses due to competition and falling prices for displays
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POSTER: computer news || SHARP OPERATING LOSSES DUE TO COMPETITION AND FALLING PRICES FOR DISPLAYS |
DATE:2015-10-27 |
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The Japanese company Sharp expects operating loss in the first half of fiscal year 2015 due to increased competition and falling prices of displays for mobile devices. On Monday, Sharp announced that from April to September, the company recorded an operating loss of 26 billion yen (about $ 215 million at current exchange rates), while the end of July it expected profit growth to 10 billion yen. The company also reduced annual operating profit forecast to 80 billion to 10 billion yen. Disappointing financial results may push the guide Sharp to sell part or all of the display business. Restructuring, by the way, was the main condition for banks in the framework of the issuance of 200 billion yen. Sharp, a while ago, is considered the best supplier of Apple, in recent years has lost significant market share due to increased competition from LG Display Co Ltd, Japan Display Inc and other manufacturers of displays. Sharp shares price at the close of the trading session on Monday was 137 yen, which is 49% lower than a year earlier. | ||
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SHARP OPERATING LOSSES DUE TO COMPETITION AND FALLING PRICES FOR DISPLAYS |
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