Tech. manufacturer Foxconn has bought Sharp for $6.2 billion.
Sharp, which used to make plasma TV's (remember those?) and makes a lot of screens for iPhones, is now bought by Foxconn, which is the company employed by Apple to build iPhones (it also has contracts with other companies too, but Apple is by far its biggest customer).
The flow of iPhone components has just become a little easier for Apple - which has had issues sourcing screens for phones in the past.

Mark

Sharp made some of the best PCs, back in the day - personal computers, as opposed to IBM PC clones, although they did make them as well. I always wanted a Sharp MZ80B growing up.

The move has been on the cards for a while. It was rumoured in late summer, last year.