Featured Articles

Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
TSMC 16nm FinFET Plus in risk production

TSMC 16nm FinFET Plus in risk production

TSMC’s next generation 16nm process has reached an important milestone – 16nm FinFET Plus (16FF+) is now in risk production.

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

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