- Register
- Login
21°C
- Article
- . (0)
- Related content
LG Display (LGD) has reported that its revenues in the third quarter of 2017 increased by 4% to KRW6,973 billion (US$6.19 billion) from KRW6,724 billion in the third quarter of 2016, and increased by 5% from KRW6,629 billion in the second quarter of 2017.
Operating profit in the third quarter of 2017 recorded KRW586 billion, a year-on-year increase of 81% from the operating profit of KRW323 billion in the third quarter of 2016 and a quarter-on-quarter decrease of 27% from the operating profit of KRW804 billion in the second quarter of 2017.
Net income for the quarter was KRW477 billion, a year-on-year increase of 152% from the net income of KRW190 billion in the third quarter of 2016 and a quarter-on-quarter decrease of 35% from the net income of KRW 737 billion in the second quarter of 2017.
LGD said its third-quarter 2017 revenues grew amid the expansion of OLED TVs in the market, and thanks to increasing production triggered by the high seasonality of mobile devices. Panels for TVs accounted for 40% of the revenues in the third quarter of 2017; mobile devices for 27%; tablets and notebook PCs for 17%; and desktop monitors for 16%, according to the company.
Despite the stagnation in the display industry, LGD has increased OLED TV panel shipments through expanding OLED production capacity. The companysaid it has also strengthened the foundation of its OLED business by proving OLED’s differentiated value compared to LCD TVs.
“We expect area base panel shipments in the fourth quarter of 2017 to increase by a mid-single digit percent, quarter-on-quarter, thanks to high seasonality at the end of 2017 and thanks also to the demand in the Chinese New Year in early 2018,” said Don Kim, CFO of LGD. “We also expect overall price erosion to slow down, though this will depend upon the supply-demand situations affecting each product category and each panel size.”
He added, “LG Display plans to focus on investing in OLED products as part of its long-term preparation for the future. We will continue to maximize profitability in our differentiated LCD products, and will improve the profitability of the OLED business through expansion, under the conservative assumption that the challenging market situation will continue.”
-
ARM pledges cooperation with Taiwan firms in AI, IoT applications
IT + CE | 4h 33min ago
-
Test solutions provider Chroma eyeing AI-based smart production
Bits + chips | 4h 39min ago
-
China likely to hike antitrust tariffs on Korea polysilicon
Before Going to Press | 5h 3min ago
-
LCD panel oversupply may happen in 2019, says Innolux
Before Going to Press | 5h 8min ago
-
HPE, Wiwynn to make Microsoft Project Olympus servers
Before Going to Press | 5h 11min ago
-
Taiwan market: NCC encourages LTE Wi-Fi services
Before Going to Press | 5h 15min ago
-
Qualcomm CEO reportedly meets Taiwan vice premier over antitrust fine
Before Going to Press | 5h 19min ago
-
Merry Electronics nets NT$615 million in 3Q17
Before Going to Press | 5h 27min ago
-
Yageo nets NT$3.64 billion January-September
Before Going to Press | 5h 30min ago
-
UMC shipments equivalent to 1.75 million 8-inch wafers in 3Q17
Before Going to Press | 5h 34min ago
-
Genius Electronic Optical nets NT$3.01 per share for 3Q17
Before Going to Press | 5h 37min ago
- China AMOLED panel capacity expansion forecast, 2016-2020
This Digitimes Research Special Report examines the China AMOLED industry, focusing on the expansion capacity of the makers, the current implementation plans of major smartphone vendors in the market and the technological hurdles faced by the China makers.
- Taiwan server shipment forecast and industry analysis, 2017
Digitimes Research estimates that revenues from sales of server motherboards, servers, storage systems and related network system equipment by Taiwan-based vendors reached NT$555.8 billion in 2016 and the amount is estimated to grow 5.9% on year in 2017.
- Global notebook shipment forecast, 2017 and beyond
This Digitimes Special Report examines key factors in the notebook industry, including products, vendors and ODMs, that will affect total shipments in 2017 and through 2021.
