Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

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