LG Display’s Q4 profit falls on weak TV screen pricesLG 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
More in Industry
LG may hang up on smartphone business
Look out below
FKI calls on government to improve trade with Taiwan
Shopping patterns evolve as the pandemic drags on