Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 17 October 2013 12:32

LG issues profit prophecy

Written by Nick Farrell



Doom, doom all doomed

LG Display warned that fourth-quarter profit will not match the third due to falling TV panel prices. LG hopes to counter that downtrend by pushing out bigger-ticket products such as ultra high-definition panels.

The outfit is not the only one to suffer from a fall in television set sales. New technology that could spark a demand cycle has been constrained by production challenges. LG Display chief financial officer James Jeong told analysts that it'll be difficult to expect panel prices to rebound any time soon, but their rate of decline is likely to slow down. It's inevitable that LG operating profit will decline in the fourth quarter, he said. 

TV displays generated 44 percent of revenue in July-September compared with 47 percent in the same period a year earlier, LG Display said in a statement on Thursday. Mobile telephone and tablet computer displays yielded 25 percent from 24 percent.

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