Sharp warns of losses in profits
Sharp, the Japanese company said on Monday in a press statement published that investors should expect that the operating profit of the month of September to March 31, 2016 will be within the red zone instead of relying on the previous forecast for a profit, and warned Sharp shareholders of loss for six months because of poor displays Sales smartphone.
It is scheduled that the electronics maker to announce the first half of the fiscal year results on Friday, the company says that the decline in sales and the decline in the market prices of the displays of the quality of liquid crystal LCD used in smart phones are the primary cause of the decline Sharp profits.
According to the company, the intense competition in the field of small and medium-sized liquid crystal displays will lead to unexpected operating loss of up to $ 215 million.
Sharp as the company to reduce its earnings forecast for the entire financial year to 82,627,600 million dollars instead of the previous estimate of 661,020,800 million dollars.
The Japanese company is struggling to stay in the market in recent years due to intense competition and the recession and currency fluctuations.
And suffer currently displays and electronics company. The company found it difficult to stay on the surface in the past, which led to its reduction in the number of jobs has and the reduction of its workforce in a restructuring period of three years, the plan also has sold units that did not provide earnings.
And it included a re-sharp restructuring within the company to focus business on the appropriate LCD panels for mobile devices, which was supposed to reflect changes in purchasing patterns of consumers, but although there was a large explosion in phone technology but the company is still battling against strong competition in this area.
She reports issued in September that the electronics manufacturer Hon Hai also known as Foxconn is considering a deal possible purchase of the Department of private business-panel display with Sharp Corporation, in the event was such an agreement, the Foxconn and another investor potential such as Apple can own unit for display screens Sharp company that produces screens used in Apple products.
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