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Leading smartphone screen manufacturer and iPhone supplier Japan Display (JDI) is reportedly in talks with Apple and Sharp for the sale of its primary smartphone factory in Hakusan City, western Japan.
The factory may sell for as much as $820 million USD, according to estimates from Nikkei. Japan Display said it was considering all options for the plant, which may include a sale to Apple or Sharp, or a bailout from an asset management company.
JDI also stated that it is currently running a comprehensive equipment and infrastructure assessment at the facility, in advance of a decision on the Hakusan plant’s future.
Releasing its latest financial results, the tech giant said revenue for the last three months was 64 billion dollars (£49.6 billion). That was despite revenue from iPhone sales – still the company’s biggest selling product – falling by more than three billion dollars on this time last year.