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Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue

[2019-11-27 13:24:57]

Troubled Apple supplier Japan Display – which makes the LCD screens used in the base model iPhone 11 – has been losing money for the past five years. However, fallout from a $5M fraud means that the true position may be even worse than feared. The company said that in the light of a statement by a former senior executive who embezzled more than $5M from the company, it will need to review its past earnings to determine whether or not they present a true picture of the company’s finances… The post Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue appeared first on 9to5Mac.

Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue


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