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Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue

$5M fraud hits iPhone 11 display maker

Troubled Apple supplier Japan Display – which makes the LCD screens used in the base model iPhone 11 – has been losing money for the past five years. However, fallout from a $5M fraud means that the true position may be even worse than feared.

The company said that in the light of a statement by a former senior executive who embezzled more than $5M from the company, it will need to review its past earnings to determine whether or not they present a true picture of the company’s finances…


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Apple supplier Foxconn profits rise as Japan Display hits five years of losses

Foxconn profits rise despite all in iPhone revenue

Two Apple suppliers yesterday delivered their earnings reports, with rather different outcomes. The reports saw Foxconn profits rise significantly while Japan Display hit five straight years of losses.

While Foxconn’s fortunes are strongly tied to those of Apple, its strong Q3 performance may be despite, rather than because of, the Cupertino company …


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Japan Display to receive majority of rescue funds, reportedly $100M from Apple

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One of Apple’s suppliers, Japan Display has had a challenging time over the last few years. While the company was set to receive a lifeline of $737 million to expand its OLED operations, it lost about a third of that as an investor backed out in June. However, it’s now been confirmed that the troubled display maker will receive the majority of its funding this fall with Apple allegedly chipping in.


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Japan Display LCD factory built as iPhone 6 sales took off

Japan Display still owes Apple for half-used LCD factory as latest bailout plan progresses

Japan Display still owes Apple the majority of the construction costs of an LCD factory built especially for the iPhone maker back in 2015, says a new report.

With iPhone 6 sales taking off dramatically at the time, after Apple finally moved into larger-screen phones, Apple was keen to maximize production capacity. So much so that it offered to stump up the cash for a whole new Japan Display LCD factory …


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Second reports suggests Apple plans to drop LCD in next year’s iPhones

While we’re expecting to see three new iPhone models this year, two with OLED screens and a cheaper model using LCD, a new report says that Apple will transition to an all-OLED line-up next year.

Although this is just an unsourced supply-chain report, there are three reasons to give it at least some degree of credibility …


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iPhone LCD supplier Japan Display scrambling as future high-end iPhones adopt OLED displays

While many believe that the iPhone X’s display is best in class for adopting OLED, the iPhone 8 and iPhone 8 Plus are still popular phones, even with an LCD display. However, iPhone display supplier Japan Display has been struggling over the past year as Apple has ditched the company in favor of Samsung for its OLED displays in the iPhone X.


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$636M government bailout of Japan Display saves one of Apple’s iPhone suppliers

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One of Apple’s iPhone display suppliers has been rescued by a $636M bailout from the government-backed Innovation Network Corporation of Japan, reports the WSJ. Japan Display had seen its display panel orders fall significantly in the face of keen price competition and a move towards OLED, a technology it does not currently produce.

The rescue could well be important for Apple …


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iPhone suppliers still hurting: Foxconn profits down 31%, Japan Display seeks govt bailout

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iPhone assembler Foxconn has reported a 31% drop in its Q2 net profit, a hit being attributed to the recent decline in iPhone sales. The company reported net profits of NT$17.7B ($566) against analyst expectations of NT$23.9B, reports the WSJ.

There was some good news for the company, however, as its acquisition of Sharp got the government approval necessary to make the deal fully official.

The impact on suppliers of reduced iPhone demand was first seen back in May, when it was reported that Foxconn, Pegatron, Sharp, Japan Display and Sony had all seen their fortunes falling. The impact on one supplier in particular has worsened dramatically … 
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UBI Research forecast adds fuel to idea that only larger iPhones will get OLED screens initially

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iPhone concept: Yasser Farahi/Ovalpicture

With most reports now agreeing that Apple will switch to OLED displays in iPhones in either 2017 or 2018 (but no consensus yet on which of the two years), UBI Research has now added fuel to the idea that not all models will benefit from the new screen technology.

The Korea Herald reports the firm’s president and chief analyst suggesting numbers that indicate a gradual rollout across models.

Lee Choong-hoon predicted an OLED iPhone with a curved screen would debut in 2018, saying OLED models would make up 30 percent or 100 million units of total iPhone shipments in the year and the figure could surge to 80 percent by 2020.

While the 30% figure could be explained by Apple launching its new iPhones late in the year, the ‘80% by 2020’ number would mean Apple continuing to manufacture some new models with the older IPS LCD screen tech for some time to come …


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