Featured Articles

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...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

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