Japan Display

Read Cult of Mac’s latest posts on Japan Display:

Apple rumored to be chipping in $200 million to help struggling display maker

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iPhone XR was India’s no. 1 ‘ultra premium’ smartphone in 2019
Japan Display manufactures LCD displays for Apple.
Photo: Apple

Struggling Apple display Japan Display said Tuesday that it has finalized a deal to raise $200 million from an unnamed “overseas customer.” While the customer is unspecified, Reuters claims that it is Apple.

The $200 million fund will come from the customer buying equipment at Japan Display’s main smartphone screen factory in central Japan. Japan Display owed Apple upward of $800 million last year due to Apple spending $1.5 billion building a plant used for iPhones.

Struggling Apple display-maker secures massive bailout

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Struggling Apple display-maker secures massive bailout
Japan Display makes screens for Apple's LCD iPhones.
Photo: Apple

Beleaguered Apple display-maker Japan Display revealed Friday that it has agreed a $918.87 million bailout deal that will throw it a major lifeline as it attempts to claw its way back to profitability.

The money comes for Japanese investment fund, Ichigo Asset Management. Ichigo’s CEO will become Japan Display’s new chairman, while the deal will make Ichigo the company’s largest shareholder.

Apple may buy factory belonging to struggling Apple display-maker

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Apple may buy factory belonging to struggling Apple display-maker
Japan Display makes LCD screens for Apple.
Photo: Apple

Struggling Apple display-maker Japan Display could sell Apple and Sharp its main smartphone screen factory, a new report claims.

Japan Display still owes Apple more than $800 million for the plant, which it built four years ago for $1.5 billion. It could recoup this money by selling the factory to partners including Cupertino.

Apple’s support helps Japan Display nail down an extra $830 million bailout

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International governments plan to rethink tax rules for the ‘digital age’
Japan Display is getting some help from Japanese asset manager Ichigo Asset Management.
Photo: Pixabay/Pexels CC

Struggling Apple display maker Japan Display claims it has nailed down an extra $830 million in bailout financial support from Japanese asset manager Ichigo Asset Management.

Ichigo joins Apple and Apple contract manufacturer Wistron in the effort to save the beleaguered business. And it wouldn’t have done it without Cupertino’s support.

Apple display-maker will revisit past earnings after embezzlement case

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Apple may buy factory belonging to struggling Apple display-maker
Japan Display makes Apple's LCD displays.
Photo: Apple

There’s more bad news for struggling Apple display-maker Japan Display. After news of a former executive embezzling funds, the company has announced that it will be reviewing its past earnings.

That’s a major headache at a time when the ailing business is trying to raise 50 billion yen ($460 million) from Apple and other investors.

Apple display-maker executive fired for embezzling millions of dollars

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Apple display maker exec fired for embezzling millions of dollars
Japan Display makes LCD screens for the iPhone.
Photo: Kristal Chan/Cult of Mac

Apple display-maker Japan Display may be struggling — but one of its executives apparently hasn’t been. The firm revealed today that it fired an accounting executive last year for allegedly embezzling $5.3 million over four years.

Japan Display is now cooperating with police in a criminal investigation of the unnamed employee.

Apple is paying up faster to help struggling display-maker

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iPhone XR
Apple won't give up on JDI.
Photo: Apple

Apple has reportedly agreed shorter payment terms with struggling display-maker Japan Display (JDI). It is part of a plan to help stabilize the company following years of financial troubles.

The deal comes after Apple agreed to cough up as much as $200 million as part of bailout to keep JDI afloat.

Apple doubles investment to save struggling display-maker

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Apple may buy factory belonging to struggling Apple display-maker
Apple may buy factory belonging to struggling Apple display-maker
Photo: Apple

Apple has reportedly doubled its investment in struggling iPhone screen-maker Japan Display (JDI).

CEO Minoru Kikuoka expects the deal to be completed this month. It comes after an ¥80 billion ($750 million) bailout deal fell through in late September when the largest investor pulled its funding.

Struggling iPhone display-maker suffers another big blow

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iPhone XR
Apple won't give up on JDI.
Photo: Apple

An effort to save struggling LCD manufacturer Japan Display (JDI) has reportedly been scrapped.

The firm leading the bailout with a ¥63 billion ($557 million) investment this week pulled out of a potential deal, according to people familiar with the matter.

The future of JDI now looks uncertain — but strong demand for iPhone 11 is helping its bottom line.

Struggling Apple display maker will take 2 years to start building OLED screens

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iPhone XR test
Japan Display currently makes LCD screens for the iPhone XR.
Photo: Apple

Struggling Apple display maker Japan Display is trying to reconfigure its business to develop OLED displays, instead of LCD ones. However, according to CEO Winston, it’s going to take at least two years until they’re ready.

The displays will reportedly be manufactured at Japan Display’s Hakusan plant in Japan’s Ishikawa Prefecture.

Apple tests out new OLED suppliers for future iPhone refresh

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iPhone XS and iPhone XS Max
BOE Technology could join Apple's supply chain next year.
Photo: Apple

Apple is said to be “aggressively testing” OLED screens from other suppliers ahead of a 2020 iPhone refresh.

Cupertino reportedly wants to diversify its supply chain next year. It currently relies heavily on Samsung for OLED panels, with LG Display making only small contributions for the iPhone XS lineup.

Struggling iPhone display-maker secures massive bailout

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Apple display maker exec fired for embezzling millions of dollars
Japan Display makes the LCD screens for the iPhone XR.
Photo: Kristal Chan/Cult of Mac

Struggling Apple display-maker Japan Display has successfully secured bailout funding of 80 billion yen ($738 million).

The funding comes from Chinese investment firm Harvest Group and Hong Kong-based Oasis Management. It was previously reported that Apple would be part of this bailout package — to the tune of $100 million.

Apple could lend a major assist to struggling display maker

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iPhone XR
Japan Display currently makes LCD screens for the iPhone XR.
Photo: Apple

Apple could give struggling supplier Japan Display a boost by investing $100 million in the company. This will offer a valuable lifeline as Japan Display goes through restructuring after a key investment fell through.

Apple currently represents 60% of Japan Display’s sales. Thanks to the deal, it could soon make up even more.

Apple may throw a lifeline to struggling iPhone display-maker

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iPhone sales
Japan Display currently makes iPhone XR displays for Apple.
Photo: Apple

Apple may help out struggling display-maker Japan Display, a new report claims.

Japan Display, which makes screens for the iPhone XR and an upcoming Apple Watch model, suffered a devastating blow this week. After appearing to have sorted out a bailout from a Chinese consortium, several members dropped out.

Struggling Apple display maker loses key investors

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iPhone XR test
Japan Display makes LCD displays for the iPhone XR.
Photo: Apple

Struggling Apple display maker Japan Display has received some bad news. TPK Holdings, a panel maker that also works with Apple, revealed that it won’t invest a proposed $230 million after all.

Japan Display has been on the search for companies willing to throw it a lifeline. TPK was part of a hoped-for $723 million bailout.

Apple display maker could be forced to slash its workforce

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The new iPhones go on sale tomorrow. Are you ready?
Japan Display makes LCD displays for the iPhone XR.
Photo: Apple

Apple display maker Japan Display is having a rough time right now. On Wednesday, it posted its ninth consecutive quarterly net loss, partly impacted by disappointing Apple orders.

The company made a loss of 98.6 billion yen ($899.22) million for the quarter. As a result, Japan Display is planning to cut around 1,000 jobs — a full tenth of its workforce.

Apple display-maker gets lifesaving cash influx

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iPhone XR was India’s no. 1 ‘ultra premium’ smartphone in 2019
Japan Display is the main supplier for iPhone XR screens.
Photo: Apple

Apple display maker Japan Display revealed today that it has signed a 232 billion yen ($2.1 billion) deal that will bail-out the struggling company.

The deal gives a Chinese-Taiwanese conglomerate a 49.8% stake in the company, making it the biggest shareholder.

Apple secures new supplier for Apple Watch Series 5 screens

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new Apple customers
Apple Watch could be better than ever next year.
Photo: Ste Smith/Cult of Mac

Japan Display will supply OLED screens for the upcoming Apple Watch Series 5, according to a new report.

This will be the Japan Display’s first foray into OLED screens. The deal is said to be a “breakthrough” for the company, which has been suffering as a result of Apple’s move from LCD to OLED displays for the iPhone.

Struggling iPhone display-maker may be thrown a lifeline

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iPhone XR test
Japan Display manufactures the iPhone XR's LCD screen.
Photo: Apple

iPhone display-maker Japan Display says it is in line for a financial injection that could bail out the struggling company.

The firm said Monday that it will raise up to 110 billion yen ($990 million) in new financing as early as this week. Japan Display has been suffering as a result of the slowdown in iPhone sales and Apple’s shift to OLED screens.

Japan Display still owes Apple for $1.5 billion factory

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iPhone XR was India’s no. 1 ‘ultra premium’ smartphone in 2019
The LCD iPhone hasn't been the hit some hoped for.
Photo: Apple

Struggling display maker Japan Display reportedly still owes Apple a whole lot of cash for one of its factories.

Apple paid a large chunk of the $1.5 billion in costs to build an LCD factory in 2015. In return, Japan Display would pay Apple a percentage of screen sales. Unfortunately, things have gone south since then — and Japan Display’s factory is running at only half capacity. Due to the way the deal is structured, the company reportedly owes Apple “a majority of the construction cost.”

$723 million bailout could rescue struggling Apple supplier

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The iPhone XS Max is 25 percent larger than any previous iOS handset. So how is it as an iPad mini replacement?
Japan Display has struggled to catch up rivals in OLED displays.
Photo: Ed Hardy/Cult of Mac

Chinese and Taiwanese investors reportedly will throw a lifeline to Apple supplier Japan Display in the form of a $723 million bailout.

Taiwanese panel-maker TPK Holding, also an Apple manufacturer, and China’s state-backed Silk Road Fund would give the cash to the struggling Apple supplier in exchange for a 30 percent to 50 percent stake in the company.

Apple plans complete switch to OLED iPhone displays in 2020

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iphone XS
Every iPhone display will look this good one day.
Photo: Apple

Apple plans to use OLED displays in all iPhone versions from 2020, according to a new report.

The flagship iPhone XS and iPhone XS Max already use OLED technology, but the more affordable iPhone XR employs an LCD panel just like its predecessors. A complete switch to OLED will allow for “more flexible handset design,” sources say.

iPhone display maker could be saved by another Apple supplier

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iPhone Xs
Japan Display could get thrown a lifeline.
Photo: Apple

Chinese electronic parts maker O-Film Tech could bail out the struggling Japan Display, a new report reveals. Both companies are listed on Apple’s 2018 Supplier List.

O-Film reportedly wants to buy a 33 percent stake in Japan Display, which provides Apple with LCD displays. Japan Display has been having major problems for some time. This year alone, its stock has fallen 80 percent.