Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 22 April 2013 13:16

LG Display reports tiny profit

Written by Nick Farrell



Too much reliance on Apple

LG Display has reported its smallest profit thanks to the company’s dependence on the ever shrinking demand for iPhone and iPad screens.

Apple provides a third of LG Display's revenue and disappointing forecast by a US supplier to Apple last week heightened fears about slowing demand for the iPhone and iPad, pushing shares of Asian suppliers including LG Display sharply lower. LG Display made $135 million in operating profit in its January-March first quarter. It was the South Korean company's fourth straight quarterly profit after seven straight quarters of losses, as makers of liquid crystal display panels have since curtailed output after about two years of oversupply.

The result was also a sharp improvement from a loss a year earlier. But it was down 74 percent from the previous quarter, hurt by a seasonal slowdown in demand and by weaker sales to Apple. Sales of tablet and smartphone panels, which are largely bought by Apple, accounted for 27 percent of LG Display's total screen shipments in the first quarter, down from 31 percent in the fourth quarter.

LG Display said it expects panel shipments will rise by 5 percent to 10 percent in the second quarter from the previous quarter. Shares in LG Display have fallen about 3 percent in the year to date, compared with a roughly 5 percent drop in the benchmark KOSPI index. The stock closed 2.2 percent higher prior to the results announcement.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments