Home > Brands > LG Display looks to positive 2020

LG Display looks to positive 2020

LG Display has posted a smaller-than-expected quarterly loss but offers an optimistic outlook for the year on higher demand for its organic light-emitting diode (OLED) panels.

The company posted a loss of 422 billion won in the October-December quarter, compared with an operating profit of 279 billion won a year earlier.

The Apple supplier has weathered a rough year that saw a prolonged decline in LCD panel prices, a management shake-up, and costs from restructuring and strategy changes.

LG Display will stop producing LCD TV panels by the end of the year and is investing heavily in OLED displays.

You may also like
Loewe Launch Bild 2 Premium TV Lineup
LG Cleans Up With Record Number Of Awards At CES 2020
CES 2020: LG Unveils US$60K Rollable Screen & Morphing Curved Displays
CES 2020: Samsung Sound & Display Takes A New Direction
TCL, The Brand Samsung Executives Fear Rolls Out Seriously New 5G & OLED Smartphones