Apple Rumored To Be Making Investment In Failing Sharp
According to a report from IDG, Sharp has not so surprisingly announced in its recent earnings report there is “‘material doubt’ about its ability to continue operating.” While Apple’s manufacturing partner Foxconn previously agreed to buy an 11-percent stake in the company, today’s report noted those negotiations continue to drag on and risk falling through as Sharp’s stock price continues dropping. To turn the company around, rumor has it Sharp will focus on its IGZO technology and displays for smartphones and tablets, while possibly seeking investments from Apple in the process:...