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  • Japan's Sharp halves full-year profit forecast as virus hits tech demand

    Posted on WHBL.COM by Thomson Reuters

    "TOKYO (Reuters) - Japan's Sharp Corp, an Apple Inc supplier, cut its full-year profit forecast by 48% on Friday, as demand for technology devices took a hit from the coronavirus outbreak.

    Sharp, which makes sensors, camera modules and screens for Apple's iPhones, expected annual operating profit in the year ended in March to come in at 52 billion yen ($489 million), down from its previous forecast of 100 billion yen"...[Read more at WHBL.COM]