Quarter of 2012: Sharp losses of U.S. $ 1.2 billion - 5000 employees Dismissal

Sharp has just gone through the first quarter 2012 financial results with very bleak, specifically they have suffered losses up to U.S. $ 1.2 billion - a record losses in the past 100 years. The cause was identified as the business situation worse in the LCD array manufacturing (loss of U.S. $ 802 million) associated with decreased consumption during TV time. Besides forced to make the forecast $ 1.25 billion loss after the end of fiscal year 2012, Sharp was quick to implement the plan laid HR 5000 - reducing global workforce to 51,700 people as part of efforts to restructure the company. But recently it announced positive information, that they are conducting the screen production for the new generation iPhone and the shipment will be shipped in August of this right. It is known to reduce the financial burden in March, the Sharp was forced to sell 11% stake (855 million U.S. dollars) of Sakai LCD manufacturing company Hon Hai Precision Industries of Taiwan ( subsidiary of Foxconn Group). Source: Sharp, Engadget, Cnet, ReutersAnh: Examiner