Japanese display maker Sharp Corp , a supplier to Apple Inc, will aim to boost sales to the iPhone maker's rival Samsung Electronics Co under a three-year rehabilitation roadmap after posting a worse-than-expected $5.4 billion net loss in the last financial year.The business plan, released on Tuesday, will also lean on banks for another 150 billion yen ($1.5 billion ) in funds after they saved it last year from failure, with a 200 billion yen convertible bond falling due in September."For Sharp, the way forward is to forge various alliances to generate new oppportunites," said Kozo Takahashi, who was named president on Tuesday after his predecessor held the post for barely a year.Takahashi said Sharp, which took big writeoffs last year after a focus on making screens for its own struggling TV business left it with excess capacity, will double to two-thirds the portion of panels produced for customers such as Samsung and Apple.
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 remained unchanged at $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 503.
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