Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

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.
Thursday, 23 January 2014 10:32

LG loses half its profits

Written by Nick Farrell



Life's Bad

LG Display has seen its profit more than halved in the fourth quarter as soft demand for TVs continued to compress screen prices.

LG Display has been pouring funds into next-generation technology to tempt consumers to upgrade from liquid-crystal display television sets. Sales in emerging economies such as China are mainly of cheap models. As a result, the TV set industry is worth $96 billion from $120 billion in 2010, according to analysts. LG Display and other panel makers can’t raise prices and this stuffs up earnings.

Operating profit at LG Display, the world's biggest LCD maker, fell 56 percent on year in October-December to $241 million. Shares of LG Display, worth $11.15 billion, closed down 0.4 percent ahead of the earnings release, compared with the benchmark index which was 1.2 percent lower.

LG Display Chief Financial Officer Don Kim said in a statement he expected profit in the first quarter of 2014 to decline quarter-on-quarter due to traditional seasonal decline in panel shipments and price. The company said it expects LCD shipments to fall around 10 percent to 15 percent in the first quarter, and that price declines may ease.

LG Display earned 37 percent of revenue from TV screens, down from 43 percent a year earlier. Revenue from smartphone and tablet screens rose to 35 percent from 31 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