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

Troubled Apple supplier Japan Display – which makes the LCD screens used in the base model iPhone 11 – has been losing money for the past five years. However, fallout from a $5M fraud means that the true position may be even worse than feared.

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…

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The post Japan Display earnings in doubt as $5M fraud fallout ahead of Apple rescue appeared first on 9to5Mac.



source https://9to5mac.com/2019/11/27/5m-fraud/

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