LG Display announced its financial results for Q3 2018 - with revenues of $5.3 billion (up 9% from Q2 2018). Net income in the quarter was $15.8 million (up from a loss of $264 million in Q2 2018).
LG Display announced that its OLED TV business has finally turned profitable. LGD started producing OLED TVs in 2013 and it has been incurring losses for a long time. In 2018 LGD expects to sell a total of 2.9 million OLED TV panels (up from 1.7 million in 2017).
Posted: Oct 24,2018 by Ron Mertens
