LG Display’s Q4 profit falls on weak TV screen prices

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LG Display’s Q4 profit falls on weak TV screen prices

LG Display said yesterday profit more than halved in the fourth quarter as soft demand for TVs continued to compress screen prices, outweighing a sales rebound in displays for Apple’s iPhones.

LG Display, like competitor Samsung Electronics’ Samsung Display, has been pouring funds into next-generation technology to tempt consumers to upgrade from liquid-crystal display television sets. Operating profit at LG Display, the world’s biggest LCD maker, fell 56 percent on year in October-December to 257 billion won ($241 million). Reuters

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