Tuesday, May 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Researchers Develop "Value-Aware" SSD OPtimized For Image Recognition Systems
U.S. Supreme Court Ends Texas' Grip On Patent Cases
Sony Chief Promises Return to Profitability
Top Three Chinese Brands Continue to Increase Combined Smartphone Market Share
LG Display to Showcase Latest Displays at SID 2017
CyberLink Launches Major Update With Media Suite 15 Release
Symantec Points at North Korean Hackers in Ransomware Attacks
Qualcomm, China Mobile Research Institute and Mobike Plan to Commence LTE IoT Multimode Field Trials in China
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
LG Display to Showcase Latest Displays at SID 2017
LG Display Posts Record Earnings on OLED TV Sales
Google Could Invest 1 tln won into LG Display's OLED Panel: report
LG Display Confirms LCD Supply Deal With Rival Samsung
LG Display Is Setting Up First Production Lines for 10th Generation OLEDs
LG Display Reports Stellar Q4 Earnings And Profit
LG Display To Supply LCD Panels For TVs to Rival Samsung Electronics
LG Display Develops New QHD LCD panel for Smartphones
LG Display To Supply OLED Panels To Sony
LG Display To Develop Foldable OLEDs For Apple, Google
Samsung May Outsource LCD Panels From Rival LG
LG Says OLED TVs to Account for 50 Percent of Premium TV Market In The Following Years

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .