Over the past several years, Sharp Corporation has become one of the best mobile display manufacturers in the world, and one of Apple’s main display suppliers for both the iPhone and the iPad lineups. However, as more companies raised the stake in the mobile display business and continued to up the quality of their products all the while decreasing their prices, Sharp began losing a lot of ground to its competitors, and last month the company revealed that it might register losses of $256 million by the end of the fiscal year. In February 2016, the company announced that it will rethink its strategy, and roughly three weeks later it was reported that Sharp accepted a takeover buyout from Foxconn for US$6.2 billion. However, the acquisition was postponed at the last minute and has yet to be finalized. Meanwhile, a new report suggests that Samsung Electronics might counter Foxconn’s offer with one of its own, adding that this could be the reason behind Samsung’s vice chairman’s recent visit to Japan. read more here
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