Toshiba shares rise after Apple reportedly interested in investing in display production for smartphones in his company.
Toshiba's share value rose by 4 percent after the news spread widely. Instead, this news also impacted on the falling value of Sharp's shares are also engaged in this business in Japan.
Based on local newspaper reports named Nikkan Kogyo, Sharp shares fell as much as 2.7 percent. But then, Sharp's stock immediately rose again after the company issued a statement that the news is not accurate.
Nikkan Kogyo report quoted by Reuters and cited Agadget, Wednesday (4/20/2011) said, Apple is currently negotiating with Toshiba and Sharp about the possibility of investing U.S. $ 1.2 billion for small LCD production to be used for the new iPhone.
"Apple decided to focus on investing in Japan, on firms and choose the Toshiba one," the report said.
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