NobuhiroHigasgiiriki
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One of Apple's display suppliers is in dire financial trouble
Japan Display's reluctance to embrace OLED manufacturing has cost it dearly. The firm took a net loss of ¥31.5 billion ($287,185,500) from April to June. "We have decided to make a strategic change as we would have no future in the smartphone business without OLED," CEO Nobuhiro Higasgiiriki (above) said. The iPhone screen supplier has shed 30 percent of its employees (3,700 people according to Phys.org) and is reorganizing for what it says is the last time.
