LG Display sees 80 percent profit surge
 

Hi-end tellies and mobile demand

LG Display has seen an 80 percent surge in quarterly profits just ahead of expectations, helped by strong demand for its screens used in high-end TV sets as well as mobile devices.

The world’s largest LCD maker predicted shipments of screens would increase by “a mid-single digit percent” in the current quarter.

Analysts were a little less cheery and said that hefty investments into organic light-emitting diode (OLED) displays as well as some price declines for screens could begin to weigh on profits.

Operating profit for July-September for the Apple Inc supplier came in at $519 million Revenue rose 3.7 percent.

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