Foxconn May Invest More In Sharp As Apple TV Looms
Days are passing and evidence is cropping up to suggest that Apple’s still-mythical but widely anticipated connected High Definition Television (HDTV) set is getting close to production and public release.
On Monday, 18 June 2012, Reuters fueled these rumors by indicating that Apple manufacturing partner Foxconn is on the verge of purchasing even more shares (trying to get more than 11% stakes) of Sharp – the company that will likely provide the display panels for Apple’s iOS-powered TV set.
It turns out that Foxconn’s interest in more shares is not a rumor, but a fact. After making the mistake of confirming Apple TV set, Foxconn Chairman Terry Gou spilled the beans at his organization’s annual meeting on Monday. Talking to shareholders, he said:
“I’m proud to say the cooperation with Sharp will let us beat Samsung in terms of clearness – high resolution. 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.”
According to Reuters:
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.
The relation between Foxconn and Sharp needs no introduction.
Do you believe that the production of Apple HDTV set will start in near future? Post your comments.
The Apple Bites is giving away free iTunes Gift-cards for exciting games and interesting apps. All you need to do is to participate in the discussions The Apple Bites starts. No offensive words allowed. No spamming! The winners would be contacted and the gift cards would be given to them.