Items tagged with Asymco

Sharp recently warned investors that it was on the verge of collapse after doubling its full-year net loss forecast to $5.6 billion, citing a "worse than expected drop" in LCD TV sales in Japan and China. At the time, it was being reported that Sharp was looking for outside help to stay afloat, and was in talks with Hon Hai Precision (Foxconn) to become the company's largest shareholder. Did Apple beat them to the punch? Horace Dediu, an analyst with Asymco, took note of some interesting financial happenings at Apple, including the fact that expenditures overall were $2.3 billion higher than forecast.... Read more...