Latest in 2013

Image credit:

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

Steve Dent, @stevetdent
August 1, 2013
10 Shares
Share
Tweet
Share

Sponsored Links

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.

In this article: 2013, earnings, financials, LCD, q1, sharp
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
10 Shares
Share
Tweet
Share

Popular on Engadget

Engadget's 2020 Back-to-School Guide

Engadget's 2020 Back-to-School Guide

View
Amazon may turn dying JC Penney and Sears stores into warehouses

Amazon may turn dying JC Penney and Sears stores into warehouses

View
Our readers get real about their issues with the AirPods Pro

Our readers get real about their issues with the AirPods Pro

View
Watch AI-controlled virtual fighters take on an Air Force pilot August 18th

Watch AI-controlled virtual fighters take on an Air Force pilot August 18th

View
Toshiba officially quits the laptop business

Toshiba officially quits the laptop business

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr