Apple has recorded the first iPhone decline in history and while Cupertino doesn’t seem to be affected in a significant manner, there are other companies in the industry that are already suffering bigger losses because of dropping sales of Apple’s flagship device.
One of them is Japan Display, one of the companies that are building display panels for iPhone and iPad, as it revealed on Tuesday a drop of nearly $300 million. The reason is none other than declining demand for Apple products, as Japan Display is focusing specifically on production for Apple devices.
A report by the Wall Street Journal and citing sources close to Japan Display’s future plans reveal that the company is hoping to go back to growth when Apple makes the switch to OLED displays. Details for this transition to OLED are still scarce at the moment, but the Japanese… (read more)
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