Tuesday, September 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Joins the Xfinity TV Partner Program
Deloitte Email Platform and Client Data Hacked
macOS High Sierra Now Available for Download
Intel's New Loihi Self-Learning Chip Promises to Accelerate Artificial Intelligence
Microsoft Announces First Windows S Devices, Brings cloud, AI and Mixed Reality to Businesses
Fitbit's Ionic Smartwatch Goes on Sale on October 1st
Levi's Commuter Trucker Jacket Goes on Sale
Samsung Foundry Tapes Out eMRAM Test Chip Based on 28nm FD-SOI Process
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

Wednesday, April 26, 2017
LG Display Posts Record Earnings on OLED TV Sales


Benefiting from recovery in panel selling prices and strong demand for its large ultra-HD 4K TVs, LG Display posted record quarterly profit of 1.03 trillion won ($911.2 million) in the first three months of 2017.

The company on Wednesday reported that its operating profit skyrocketed 25 times from 39.5 billion won in the year-ago period and gained 14 percent from the previous quarter.

Sales increased 18 percent on year to 7.06 trillion won, but decreased 11 percent on quarter, suggesting it had sold more high-end products.

Its net profit totaled 679 billion won, down from 825 billion won in the previous quarter but improving sharply from 1 billion won in a year-ago period.

Panels for TV accounted for 43 percent of the company`s first quarter sales, mobile devices 26 percent, tablets and notebook PCs for 16 percent, and desktop monitors 15 percent.

Kim Sang-don, LG Display's chief financial officer, was confident of second-quarter panel shipment by area staying in the similar scale of the first quarter as demand is greater for large TV panels. In volume, shipment of TVs could slight soften in the second quarter, he added. Overall, panel prices will plateau in the second quarter.

The company will ramp up production of OLED TVs and start rolling out next-generation plastic OLED, he added.



Previous
Next
Verizon's Latest Unlimited Data Plan Costs $80        All News        Google co-founder Sergey Brin Is Building Airship
Twitter's Revenue Drops Despite User Growth     General Computing News      Google co-founder Sergey Brin Is Building Airship

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Outlines $13.5 billion OLED Investment Plan
Samsung and LG Benefit From High OLED Demand but Strategy Shifts May be Required
LG Display to Showcase Latest Displays at SID 2017
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

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 .