10/23, 10:28 AM (Source: TeleTrader)
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JDI says clients' support eased financial pressure

Apple's supplier Japan Display Inc. said on Wednesday that it overcame immediate financial issues as one of the clients agreed to shorten a payment period.

"I can now say concerns about financing have been resolved. The most credible business partners provided assurances," the company's Head of Finance Minoru Kikuoka stated.

In September, Apple reportedly considered doubling its investment in JDI, which depends on the iPhone maker for more than half of its sales.

Breaking the News / GA