Japanese display maker Sharp Corp , a supplier to Apple Inc, will aim to boost sales to the iPhone maker's chief rival Samsung Electronics Co under a three-year rehabilitation roadmap to secure its survival.The business plan, due for release on Tuesday, will lean further on banks that last year saved it from failure, as a 200 billion yen ($2 billion) convertible bond will fall due in September, three sources familiar with the plan told Reuters late last week.Sharp will also release full-year earnings figures, including forecasts for the year to next March 31 when operating profit is expected to reach 52.9 billion yen, according to the average estimate of 13 analysts surveyed by Thomson Reuters I/B/E/S.The company's plan will target annual operating profit of 150 billion yen by the year to March 2016, helped by expanded screen shipments to its Korean partner, the sources said. Sharp posted annual operating profit in the 100 billion to 200 billion yen range throughout the five years to March 2008, before its TV and display businesses were battered by overcapacity, a strong yen, and stiff competition from Korean and Taiwanese rivals.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 0.39% or $1.77/share to $454.74. In the past year, the shares have traded as low as $385.10 and as high as $705.07. On average, 17939600 shares of AAPL exchange hands on a given day and today's volume is recorded at 11307468.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.26% or $0.09/share to $34.49. In the past year, the shares have traded as low as $26.20 and as high as $34.43. On average, 1162470 shares of TRI exchange hands on a given day and today's volume is recorded at 653607.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.29% or $0.1/share to $34.86. In the past year, the shares have traded as low as $26.65 and as high as $34.82. On average, 1213660 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 651678.
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