Thursday, August 1, 2013

Sharp posts quarterly loss, but sees sales up 33 percent on mobile LCD demand

Sharp revenue up 33 percent on mobile display demand for Q1 2013

Despite posting a small 15.36 million yen ($182 million) loss, it would be hard to call Sharp's latest Q1 2013 financial quarter anything but a success after last year's $1.2 billion debacle. After gaining investment from companies like Samsung and, more recently, Qualcomm, Sharp saw revenue up 32.6 percent to 607 billion yen ($6.2 billion) on strong LCD demand. In fact, sales of small- and medium-sized panels for smartphones and tablets were up a hefty 54.8 percent over Q1 2012, with its electronics division up 46.6 percent overall. The company thinks it'll hit a net profit for the fiscal year thanks to "high-value" 4K LCD TVs, Aquos phones in Japan and more IGZO displays for upcoming handhelds. If devices like a rumored Retina iPad mini with a Sharp-built display bear fruit, we may just believe it.

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Via: TNW

Source: Sharp

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/Donvuk_nATk/

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