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|24th January 2018, 19:10||#1|
Join Date: May 2010
LG Display moves to plastic OLED panels
Saved itself from angry shareholders
LG Display saved itself from the wrath of Wall Street after announce covering its lack-lustre performance by announcing that it will begin making plastic organic light-emitting diode panels at a new line in South Korea in the third quarter.
LG expects to start producing plastic OLED panels at a line in Paju, which lies to the north of Seoul, in the third quarter of 2018, it said on an earnings call on Tuesday, helping offset disappointment over the company’s dismal quarterly performance.
Operating profit in the fourth quarter of 2017 slumped 95 percent to its lowest in about two years, thanks to slumping iPhone sales, falling LCD panel prices, large OLED investment and an unfavorable exchange rate.
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