Apple supplier Japan Display posts first quarterly profit in over 3 years

Apple supplier Japan Display posts first quarterly profit in over 3 years

Apple supplier Japan Display Inc reported on Tuesday its first quarterly net profit in more than three years, boosted by the sale of its stake in organic light-emitting diode (OLED) panel affiliate JOLED. Net profit for the three months ended March was 9.4 billion yen ($87.26 million), versus a 96.7 billion yen loss a year earlier. The display maker also said it would delay sales of production equipment at its main smartphone screen factory in central Japan to "an overseas customer", which sources have said is Apple.

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