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Author Topic: Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue  (Read 19 times)
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« on: December 04, 2019, 04:05:19 pm »

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

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<p>Troubled Apple supplier <a href="https://9to5mac.com/guides/japan-display/" target="_blank" rel="noopener noreferrer">Japan Display[/url] – which <a href="https://www.ft.com/content/9b92bf44-e115-11e9-9743-db5a370481bc" target="_blank" rel="noopener noreferrer">makes the LCD screens[/url] used in the base model iPhone 11 – has been <a href="https://9to5mac.com/2019/11/13/foxconn-profits-rise/" target="_blank" rel="noopener noreferrer">losing money for the past five years[/url]. However, fallout from a $5M fraud means that the true position may be even worse than feared.</p>
<p>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…</p>
<p> <a href="https://9to5mac.com/2019/11/27/5m-fraud/#more-621775" class="more-link">more…[/url]</p>
<p>The post <a rel="nofollow" href="https://9to5mac.com/2019/11/27/5m-fraud/">Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue[/url] appeared first on <a rel="nofollow" href="https://9to5mac.com">9to5Mac[/url].</p><div class="feedflare">
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Source: Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue
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