Apple Inc may invest $1 billion in Sharp LCD factory August 17, 2011 - 10:18 AMT PanARMENIAN.Net - Apple Inc may invest $1 billion in Sharp Corp's Kameyama factory to secure the supply of screens for iPhones and iPads, Reuters reported quoting a sales note MF Global FXA Securities wrote on Wednesday, August 17, sending shares in the Japanese consumer electronics maker up more than 2 percent. Sharp could not be immediately be reached as it was closed for summer holidays. A likely investment amount of around 100 billion yen ($1.3 billion) has been reported in local media since late last year. "We think it is highly possible that Apple will make an investment in Sharp's Kameyama plant to the tune of around $1 billion in order to secure stable supply of screens for iPhones and iPads," analyst David Rubenstein said in the note. "This would have a material impact on Sharp's profitability."   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |
