Apple May Invest US$1 Billion in Sharp to Secure LCD Supply for iPhone and iPad

Mayumi Negishi, Reuters:

Since late last year, Japanese media have reported that Apple may invest around 100 billion yen ($1.3 billion) in the Sharp plant, but Sharp’s shares outperformed the market on Wednesday after brokerage MF Global FXA Securities highlighted the likelihood of the investment in a sales note.

MF Global FXA Securities analyst David Rubenstein:

We think it is highly possible that Apple will make an investment in Sharp’s Kameyama plant to the tune of around $1 billion in order to secure a stable supply of screens for iPhones and iPads.