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Sharp Poised to Miss First-Half Forecast, Cut 2016 Target

Sharp Corp. will miss its first-half profit forecast and is poised to lower its target for the full year as rising competition among suppliers of liquid-crystal displays pushes down prices, a person familiar with the matter said.

The supplier of displays to Apple Inc. expects to fall short of its 10 billion yen ($83 million) outlook for operating income when it reports earnings for the six months ending Sept. 30, the person said. The company may report an operating loss for the first half or break even, the person said.

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