LG Display warns of weaker panel price
By MYBRANDBOOK
Due to global economic uncertainty and US - China trade tensions, LG Display Co Ltd has notified of weaker panel prices in the year ahead. It has however posted a jump in quarterly profit, thanks to increasing sale of wearable screens.
The company claims that strong sales of high-end screens for smart watches has helped improve profitability, even as overall sales fell due to weakness in the television segment.
The surge in profit from wearable screens underlines the Apple Inc. supplier’s ongoing efforts to focus on high value-added products to fend off declining prices for large panels due to aggressive output from Chinese rivals.
Operating profit for October-December came in at 279 billion won ($249.7 million), from 44 billion won in the same period a year ago. Revenue fell 2.5 percent to 6.9 trillion won.
Operating profit was above a 132 billion won forecast of 10 analysts based on I/B/E/S Refinitiv data, but the company’s shares fell more than 4 percent following the result on concerns for panel prices.
LG Display has expected panel shipments to fall by a high-single-digit percentage in the first quarter compared with the previous quarter due to seasonally weak demand. Weaker global smartphone sales particularly in China have clouded the outlook for electronics makers including Apple, which said sales for the current quarter would most likely be lower than Wall Street expected.
BREAKING NEWS
TECHNO TRENDS
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
E-Magazine
TECHNOTAINMENT
Airtel Xstream Play strengthens regional content library, part
Bharti Airtel (“Airtel”), one of India’s leading telecommunications
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
MOVERS & SHAKERS
Clover Infotech appointed Subham Banerjee as CDO
Clover Infotech has announced the appointment of Subham Banerjee as its Ch
Saviynt ropes in Sanjeevi Kumar as new Sales Director in India
The cloud-native identity and governance platform solutions provider Saviy
OPEN YOUR EYES
INTERVIEWS
Committed to follow future roadmap with 'Make-in-India' 2.0 Vi
As technology advances, AI is used in increasingly disparate ways to help a
IceWarp positioning itself as a disruptor in the Email and col
Post pandemic, the digital evolution has evolved. With most organizations a
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
SAFE SECURITY SERVICES PVT. LTD.
CP PLUS INDIA PVT. LTD.
SECUREYE SERVICES PVT. LTD.
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Ashish Kumar Chauhan
Ashish works as the CEO of the National Stock Exchange (NSE). He is al...
Technology Icons Of India 2023: Aalok Kumar
Aalok continues to lead the India business and further strengthen Indi...
Technology Icons Of India 2023: Rajiv Memani
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
PARTNER SPEAKERS
PSU
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
VIDEOS
Top 25 Brands
Value-Added Distribution
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
