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Thread: Foxconn Investment in Sharp May Grow as Apple TV Looms

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With every passing week, evidence mounts to suggest that Apple's still-mythical but widely anticipated connected HDTV is getting close to production and public release. On Monday, Reuters fueled this inferno
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    MMi Staff Writer Michael Essany's Avatar
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    Default Foxconn Investment in Sharp May Grow as Apple TV Looms


    With every passing week, evidence mounts to suggest that Apple's still-mythical but widely anticipated connected HDTV is getting close to production and public release.

    On Monday, Reuters fueled this inferno of rumors by indicating that Apple manufacturing partner Foxconn is on the verge of purchasing even more shares of Sharp - the company that will likely provide the display panels for Apple's iOS-powered TV.

    As it turns out, Foxconn's interest in more shares isn't a rumor. It's a fact. Foxconn Chairman Terry Gou spilled the beans at his organization's annual meeting today. "I'm proud to say the cooperation with Sharp will let us beat Samsung in terms of clearness - high resolution," Gou told shareholders. "When we bought, Sharp's shares were 550 yen, now it is 400 something. It's been dragged by the macro environment. We have already sent delegates there to see if we can buy more shares."

    Gou also said he plans to list a Sharp LCD plant in Japan on the Taiwan stock exchange within three years, saying the plant's advanced technology was better than that of arch-rival Samsung Electronics.
    Market analysts and well-connected industry sources maintain that Apple's foray into the flatscreen television space could still come before year's end, although spring of 2013 still appears to be the most likely launch window for Apple.

    Source: Reuters

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    Previously Known as A.T MetallicaFan1991's Avatar
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    Of course Sharp's technology is better, they're Japanese and well Samsung is Samsuck, they can make components but fail epically when they come to design their own product!

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