iPhone 11 Success Boosts Japan Display Recovery Prospects akihabaranews.com

Akihabara News (Tokyo) — The brisk sales of the base model iPhone 11 is putting much-needed wind in the sales of Japan Display Inc. at a crucial point in its bailout process.
Japan Display produces the liquid crystal display (LCD) screens used in the base model iPhone 11, which is finding favor with consumers, significantly exceeding expectations in terms of the number of orders.
Apple’s supply chain partners, including Japan Display, are increasing their production schedules and forecasts.
The latest reports suggest that it may be Apple itself which is doing the most to rescue its troubled supplier, intending to inject US$200 million in funds in Japan Display.
The iPhone 11 Pro, for example, uses the OLED technology.