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LG Display who make display screens for Apple and are the second- largest maker of LCD TV’s in the world has beaten analyst expectations after reporting a profit of US$239 million they have also forecast that LCD TV prices will rise, fueled by rising demand for LCD panels.
LG Display who make display screens for Apple and are the second- largest maker of LCD TV’s in the world has beaten analyst expectations after reporting a profit of US$239 million they have also forecast that LCD TV prices will rise, fueled by rising demand for the panels.
Sales climbed 16 percent to a record due in part to Government handouts around the world the Company said..
Now they plan to raise production capacity to meet demand for flat-screen TVs.
“The second-quarter figures are impressive,” said Chang In Whan, president of Seoul-based KTB Asset Management, which looks after $7.9 billion. “The recovery in LCD prices in the second half may not be as strong as the first half as the impact of the Chinese government’s subsidies fade.” he told Bloomberg.
LG Display, which said last month it isn’t fully meeting customer orders because of stronger demand, announced yesterday it will invest 3.27 trillion won to build a new LCD production line.
DisplaySearch raised its full-year estimate for the global LCD television market, citing increased demand. from
Global revenue from LCD TVs will drop 6 percent this year to $76 billion, according to DisplaySearch, higher than its previous estimate of $66 billion. Worldwide LCD TV shipments will rise 21 percent to 127 million units, compared with an earlier prediction of 120 million, the research firm said.
