LG Display posted its financial results for Q4 2019, with a lower-than-expected loss of $361.6 million and revenues of $5.4 billion - a 10% increase over last quarter, driven by a rise in sales of OLED TVs and smartphone OLEDs.
LGD has given an optimistic forecast for 2020 as it sees higher demand for its OLED TV and mobile P-OLED panels. LGD expects its OLED TV panel revenue to "rise steeply" as its Guangzhou OLED TV fab increases its production - LGD now says it expects the fab to start mass production in March 2020.
LGD, which is said to have started to supply OLED panels to Apple, say that it "secured a sound base for strategic customers for P-OLED in the fourth quarter".
Posted: Jan 31,2020 by Ron Mertens
