Sharp posts quarterly loss, however sees gross sales up 33 % on cellular LCD demand

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

Regardless of posting a small 15.36 million yen ($182 million) loss, it might be exhausting to name Sharp’s newest Q1 2013 monetary quarter something however a hit after final yr’s $1.2 billion debacle. After gaining funding from corporations like Samsung and, extra lately, Qualcomm, Sharp noticed income up 32.6 % to 607 billion yen ($6.2 billion) on robust LCD demand. In reality, gross sales of small- and medium-sized panels for smartphones and tablets have been up a hefty fifty four.eight % over Q1 2012, with its electronics division up forty six.6 % general. The corporate thinks it’s going to hit a internet revenue for the fiscal yr because of “excessive-worth” 4K LCD TVs, Aquos telephones in Japan and extra IGZO shows for upcoming handhelds. If units like a rumored Retina iPad mini with a Sharp-constructed show bear fruit, we may consider it.

By way of: TNW

Supply: Sharp

Tags: 2013, earnings, financials, LCD, q1, sharp

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