Apple display maker Japan Display continues to suffer setbacks, with the latest being a fall in its share price after it was revealed that the company is seeking financial support from a Japanese government-backed fund.
Japan Display has been hit by the triple whammy of iPhone sales falling, a damaging rise in the Japanese yen currency, and seemingly betting on the wrong horse by hanging onto LCD technology for too long while rival companies were ramping up their OLED facilities for next year’s big iPhone refresh.
August 10, 2004: The iTunes Music Store catalog grows to 1 million songs in the United States, a first for an online music service.
August 9, 1995: The Netscape Communications IPO floats shares of the company behind Netscape Navigator, the Macintosh’s default browser, on the stock market.