Feeds

LG Display: No one buys TVs any more, but mobe screens? KerCHING

Q4 won't be as good, as telly display demand plummets

Build a business case: developing custom apps

LG Display has reported its highest quarterly profit this year as smartphone screens for mobes like the iPhone continue to prop up poor returns in TV displays.

The screen firm said that operating profit jumped 31 per cent to 389bn Korean won ($365m) in the third quarter compared to the same period last year. But TV's proportion of revenue continued to slip, down to 44 per cent from 47 per cent, while smartphone and fondleslab displays lifted to 25 per cent from 24 per cent.

Chief financial officer James Jeong told analysts that fourth quarter profit wouldn't be as high as this quarter, because TV revenue would still be under pressure.

"Given the weak profitability that TV manufacturers are having right now, it'll be difficult to expect panel prices to rebound any time soon, but their rate of decline is likely to slow down," he said. "It's inevitable that our operating profit will decline in the fourth quarter."

LG Display reported revenues in the third quarter had fallen from last year, down 13 per cent to 6.5trn won ($6.1bn). Net income in the quarter was 239bn won ($225m), compared to 158bn won ($148m) in July to September 2012. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.