Foxconn and Japan Display report disappointing results as the effects of slowing iPhone sales trickle through the supply chain.
that mobile display sales, which make up 73.3% of its total sales, were down 17.2% year over year. Japan Display blamed its sales decline on customers moving to OLED screens in flagship phones, instead of using traditional LCD screens.
It also pointed to "the slowdown of China's and the global smartphone market" and the "prolonged life cycle of smartphones." Japan Display is asking forThe global slowdown in phone sales has been attributed to rising costs in phone prices. With premium phones now costing more than $1,000, customers are holding on to devices longer.
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