The stock price of Japanese television manufacturer Sharp closed at ¥192 after the company announced its quarterly losses of ¥138.4 billion (about $1.76 billion), or a 28 percent tumble to its lowest point in 36 years. Because of this steep and sudden decline in shareholder confidence, Hon Hai Precision Industries — better known as Foxconn — said that it plans to re-evaluate some of its existing investments in Sharp. This potential loss of funding may have been a key factor in Sharp’s forecast for the fiscal year , which it now expects to yield a ¥250 billion (roughly $3.18 billion) loss. Even in these circumstances, Foxconn is unlikely to abandon the struggling display company as it just began shipping the displays for Apple’s new… Continue reading…

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Sharp’s future in question even as iPhone displays begin to ship

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