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Foxconn reports Sharp division earnings

  • Nikkei News published article on Sharp, which is owned by Foxconn, aka Hon HaiPrecision of Taiwan
  • FY2020 net profit up 290% to 53.2 billion yen ($487 million)
  • “We will greatly benefit from recovering demand for LCD display panels”; stated president Katsuaki Nomura
  • (much of growth is supplying LCD panels to Apple)
  • Is forecasting that it will ship 50 million units for Apple iPhones in 2021

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