Apple Product Maker Hon Hai Buys Stake in Sharp

With Apple’s (NASDAQ:AAPL) much anticipated smart TV rumored to hit stores this year, the tech company’s gadget manufacturer is betting on its success.Hon Hai Precision Industry took around a 10 percent stake of 100-year-old Japanese firm Sharp, a maker of advanced televisions. Hon Hai’s own billionaire founder Terry Gou even put is own money in the deal that could position the Taiwan firm to push for orders to make the Apple TV, potentially taking the business from other TV manufacturers such as LG Display. This is a gamble on Hon Hai’s part though. This is because there is no guarantee the company will get Apple’s orders.Apple’s new TV, being called the iTV by many, is rumored to be 42-inches and may have voice control via the Siri technology. However, all of this is still speculation and we won’t know what the TV will have until its unveiling most likely sometime later this year.