By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: LG Display Sees Signs of Display Market Improvement
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

LG Display Sees Signs of Display Market Improvement

srijita
Last updated: 2016/07/13 at 3:46 PM
By srijita 2 Min Read
Share
SHARE

LG Display Sees Signs of Display Market Improvement

South Korea’s LG Display Co Ltd is seeing signs of improvement in the display panel industry and expects its business performance to pick up in the second half of the year, the firm’s chief executive said.

“There is a sign of things changing a bit starting in late second quarter,” LG Display CEO Han Sang-beom told reporters at an embargoed media event, without providing specific details.

“We are making various cost-related efforts and I think we’ll look a bit better in the second half.”

Panel makers have suffered from price declines in recent quarters due to weak sales of consumer electronics such as smartphones and televisions. But there are signs that the bottom is near, with panel prices for some televisions, tablets and monitors picking up in June, according to research house IHS.

The bottom could not come soon enough for LG, the world’s top liquid crystal display (LCD) maker, which is expected to post a 96 percent fall in April-June operating profit to KRW 18 billion ($15.72 million), according to the average forecast of analysts in a Thomson Reuters I/B/E/S/ survey.

Lacklustre sales for key client Apple Inc’s iPhones have also hurt LG Display’s bottom line. The company will report its second-quarter earnings on July 27.

Han said flexible organic light-emitting diode screens were proving popular and LG Display was preparing to supply them to “major” Chinese clients for mobile products. He did not elaborate.

The company currently supplies such screens, mainly for smartwatches, to LG Electronics Inc and Apple.

“It’s clear that plastic Oled is a major trend. While the smartphone market has stagnated it is still a growth market, so we will focus on preparing capacity and developing products accordingly,” Han said.

[“source-gadgets.ndtv”]

You Might Also Like

Certified AC Technicians in Ocala: Your Local Cooling Experts

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

From Traditional Payments to Innovative Solutions: How Car Insurance Is Adapting to Modern Needs

Step by Step in Selling Your Car Online

TAGGED: Display, Improvement, LG, Market, of, Sees, Signs
srijita July 13, 2016
Share
Previous Article Samsung Galaxy Note7 Launch Set for August 2
Next Article Android Marshmallow Now Running on 13.3 Percent of Active Devices: Google

Calendar

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    

Latest Trending News

  • Interior of the 2025 Mitsubishi Outlander PHEV August 8, 2025
  • NCAP Rating and Safety Features of the Tata Harrier August 6, 2025
  • Certified AC Technicians in Ocala: Your Local Cooling Experts August 5, 2025
  • Problems with the Alfa Romeo 166: Common Problems and Costs of Repair August 4, 2025
  • 4 Reasons to Buy a Used Car and Things to Keep in Mind August 2, 2025
  • India is at the forefront of the digital revolution August 1, 2025
  • Utilize the Advantages of Used Car Financing for Smart Investments July 30, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?