“As it is believed to be gearing up to launch its own television, Apple initially considered investing in Sharp’s LCD business, but the company instead opted to let its manufacturing partner Foxconn fill that role, according to a new report,” Neil Hughes reports for AppleInsider.
“It was announced last month that Foxconn bought a 10 percent stake in Sharp to help boost the company’s money-losing LCD business,” Hughes reports. “As part of the deal Foxconn will utilize Sharp’s state-of-the-art LCD factory that opened in Sakai in 2009.”
Hughes reports, “But before Foxconn stepped in and invested in Sharp, Apple considered buying a stake in the company, according to analyst Brian White with Topeka Capital Markets.”
Read more in the full article here.
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