Tuesday, 24 July 2018

LG Display posts loss, cuts investment plans on smartphone worries

LG Display, the company that Apple is counting on to supply it with four million OLED panels for the 6.5-inch iPhone Xs Plus model that it will unveil this year, reported a loss for the second quarter on Wednesday. For the period from April through June, the company posted an operating loss of 228 billion won ($202.1 million USD). That beat the consensus of 11 analysts surveyed by Thomson Reuters who forecast a larger loss of 247 billion won. Revenue fell 15% year-over-year to 5.6 trillion won ($4.97 billion USD).

For LG Display, it was the company's second consecutive ...

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