• Report: Apple Almost Purchased Stake in Sharp

    As speculation surrounding Apple's potential launch of an iOS-powered connected HDTV refuses to die down, more revelations are coming to light about recent considerations in Cupertino that may be directly related to this forthcoming new Apple product.

    According to published reports Friday, Apple at one point entertained the prospect of purchasing a substantive stake in Sharp's LCD business. Instead, Apple stepped aside and Foxconn struck while the iron was hot.

    In March, as we know, Foxconn purchased a 10% stake in Sharp. The well-known Apple manufacturing partner stands to benefit from Sharp's three-year-old Sakai-based LCD factory, which - in turn - may help Apple in the production of its rumored connected HDTV.

    Brian White with Topeka Capital Markets was the knowledgeable person this week who spilled the beans about Apple possibly buying the stake in Sharp before Foxconn did. "In our view, if Apple was willing to consider investing in the supply chain to exert influence in an area deemed important to the company's future, we wonder what else the company might consider," White told investors Friday.

    Given the powerhouse package that Foxconn and sharp now represent, it is highly unlikely, analysts say, that Apple will stray from these two when the time comes to put the rumored television product into production.

    Source: Apple Insider
  • Connect With Us

  • Twitter Box

  • Facebook