Bailout of key Apple supplier delayed by its weakening financial position

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Back in February, we told you the sad story of Japan Display. This is the company that supplies the “Liquid Retina” LCD displays for the Apple iPhone XR and sells LCD panels to the tech giant for older iPhone models. The company, which receives half of its business from Apple, was late to develop its OLED technology forcing Apple into the arms of Samsung and LG. Both South Korean outfits supply Apple with the AMOLED displays for the iPhone XS and iPhone XS Max.
As we mentioned nearly three months ago, Japan Display agreed to a bailout that would allow it to receive …

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