Foxconn Preparing for Apple Television Set ‘iTV’: Foxconn Chairman Terry Gou
Foxconn has recently made a partnership with Sharp for jointly producing IGZO panels for Apple’s well anticipated television set usually known as ‘iTV’. Notably, both companies are already doing great business with Apple but their recent move of making an alliance is for securing more orders from Apple as reported by industry insiders to DigiTimes. Also, as expected by many tech analysts, Apple would prefer to incorporate Sharp’s Indium Gallium Zinc Oxide (IGZO) display panels for its upcoming television set, the deal is taken significantly in this perspective.
Now reports reveal that Foxconn is preparing for manufacturing Apple’s anticipated television set, as disclosed by company’s chairman.
The comments allegedly made by Foxconn Chairman Terry Gou were summarized on Friday by China Daily, an English-language daily newspaper in China with a circulation of more than 500,000, in a report discovered by How To Arena. Gou reportedly said that his company is “making preparations” for an Apple television, but development or manufacturing has not yet started.
As disclosed on Tuesday, Foxconn now owns 10% share in Sharp worth $808 million. The move particularly targets Sharp’s LCD business, which is currently a buck losing business.
Sharp is also a major supplier of Apple especially it provides massive numbers of iPad Retina Displays to the company. On the other hand, Foxconn is Apple’s key manufacturing partner, which contributes in apple business through assembling iOS devices like the iPhone, iPad and more.
DigiTimes further notes, Foxconn is also partnering with LCD maker Chimei Innolux, but industry sources claimed that Sharp is their priority as a panel supplier for the iPad as their new collaboration seems more profitable for Foxconn than with Chimei Innolux.
On the other hand, Sharp expects that their deal with Foxconn will be more beneficial to them as it will create more demand it highly appreciable LCD factory in Sakai, Japan, established and running since 2009.
No doubt, this new deal will eventually turn Foxconn into the single largest shareholder in Sharp, which is likely to face its biggest annual loss in the company’s about a century year’s history. It replicates that in reality the revenues collection from HDTV panels have ruined, and IGZO panels display may help the company in generating massive revenues.
As we have earlier posted a number of articles on Apple’s own well anticipated and much rumored television set-iTV. The rumors first broke to the tech surface when it was revealed in Steve Jobs biography written by Walter Isaacson that Jobs had the dream of revolutionizing Television and with the idea of a Siri enabled iTV Jobs felt he had ”cracked” the concealed element to a simple and elegant television set.
Recent tech reports on Apple’s iTV describe that Apple has already started to array its suppliers for the upcoming device. According to an Apple analyst, the company is almost closer to start massive production of iTV sets in May while it will launch it in last quarter of this year, most likely.