NEWS
Japan Display Considers New Capital to Adapt to Apple's Oled Shift
3635
2017-08-10
Posted by 3uTools

Japan Display said it is considering tapping new investors for capital to catch up in organic light-emitting diode (Oled) screens as its late entry into the technology is costing the display maker orders from its largest client, Apple Inc.


The liquid crystal display (LCD) maker also outlined on Wednesday an operational overhaul under which it will streamline production lines and slash 3,700 jobs, or 30 per cent of its workforce, resulting in a special loss of 170 billion yen (S$2.096 billion) for the current year.


Japanese electronics makers have struggled to compete against their Asian rivals, ceding market share to cut-price Chinese competitors at the low end of the market but also failing to innovate enough to stay ahead in high-end products.


Japan Display Considers New Capital to Adapt to Apple's Oled Shift


Japan Display has been caught out by a swift change in consumption trends, with handset makers shifting to the thinner and flexible Oled displays from LCDs for high-end models.


It plans to start mass-producing Oled panels for smartphones only in 2019, while Apple, whose orders account for more than half of the firm's current sales, is widely expected to begin adopting Oled for its iPhones later this year.


Source: bussinesstimes

Related Articles
New Report Suggests That the iPhone 8 Won’t Be Apple’s Last LCD Phone Four Apple Suppliers Get Dragged into Qualcomm conflict Apple Supplier Japan Display Raising $900 Million to Mass Produce OLED Panels 2018 iPhone X Plus with 6.5-inch and 6.1-inch Dummy Models are Revealed Exclusive: This is Apple’s 6.1-inch LCD iPhone Kuo: Budget 6.1-inch LCD iPhone lineup could start at $550 Sketchy Images Of Apple's 'iPhone 8' Differ On Rear-mounted Fingerprint Sensor iPhone 11 Running iOS 13 With Dark Mode Pictured in 3D Renders