Tuesday, March 31, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel Releases New Braswell SoCs
WD's My Passport X Delivers 2 TB of Storage for Xbox One and PC Gamers
Google To Use SSDs From Samsung: report
Microsoft Introduces The Surface 3
Samsung Now Offers New Lineup of 3-bit V-NAND Based 850 EVO SSDs for Ultrathin PCs
Samsung, LG End Legal Disputes
IBM Connects Internet of Things to the Enterprise
Project Spartan Web Browser Included In Latest Windows 10 Build
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > General Computing > LG Disp...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 18, 2013
LG Display Looks For More Mobile Display Clients


LG Display posted second-quarter profit that missed analyst estimates on slower consumer demand for screens used in personal computers and televisions. The key supplier to Apple is now seeking to broaden its smartphone customer base.

The South Korean company posted a forecast-beating 53 percent rise in quarterly operating profit, as stable prices of large-sized TV screens helped counter slower growth in mobile display shipments to Apple.

LG Display is expected to supply super-thin and full high-definition screens for the upgraded version of LG Electronics' flagship G2 smartphone due out in early August.

LG Display made 366 billion won ($326 million) in operating profit for its April-June second quarter. But sales slipped 5 percent from a year earlier to 6.6 trillion won. LG Display said sales fell because weaker demand for screens used in mobile devices and laptops more than offset increases in total panel shipments.

LG Display said it expects overall panel prices to weaken in the current quarter before they start to recover later in the period.

"With differentiated specialty products based on IPS technology, LG Display was able to lead the market and to achieve growth in operating profit overcoming seasonal factors," said Dr. Sang Beom Han, CEO of LG Display. "While placing continual importance on maximizing customer value, LG Display will make full-fledged efforts to secure future competitiveness as an industry leader."

"Total display area shipment in the third quarter of 2013 is expected to increase by a low to mid single digit percent growth rate compared to the second quarter of 2013, with the seasonal demand growth in the third quarter, and panel prices anticipated to stabilize from mid-quarter after an expected short-term decrease in price," said James Jeong, CFO of LG Display. "LG Display will step up its constant efforts to strengthen its differentiated strategy by increasing per-unit values and expanding shipments."


Previous
Next
Intel Cuts Sales Outlook, Puts Hopes On Upcoming Atom Chips        All News        HTC mini Comes With 4.3-inch Display And Snapdragon 400
TSMC Reports Q2 Profit Up     General Computing News      Yahoo Buys Admovate In An Advertising Push

Get RSS feed Easy Print E-Mail this Message

Related News
Feud Between LG And Samsung Excalates Over OLED Technology Theft
LG Display, SK Hynix Benefit From Strong iPhone Sales
LG Display Buys Rights To Use New OLED Technology
LG Display Showcases Latest Technologies at CES 2015
LG Display Develops World's Narrowest FHD LCD Panel for Smartphones
LG Display Reports Strong Third Quarter 2014 Results
LG Display Opens LCD Panel Plant in China
UHDTVs Boost LG Display Profit
LG Showcases Flexible 18-inch OLED Display, Promises Larger Models
Samsung, LG To Work Together On Future Display Technologies
LG Display to Invest 700 bln Won On OLED Production
LG Display Develops UV Aligned-N LCD For Smartphones

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .