LG Display reported its financial results for Q2 2020 - with revenues up 12% over last quarter, as the company enjoyed an increase in demand for IT panels (monitors, notebooks, tablets). But lower demand for TVs and lower utilization at its POLED fabs increased LGD's operating loss.
LG Display says it expects its Q3 revenues and operation profit to improve - as mass production of OLED TV panels in Guangzhou finally started, and the company will ship pOLED panels to Apple's iPhone 12 in the next quarter. LG maintains its 4.5-5 million OLED TV panel shipment forecast for the whole of 2020.
Posted: Jul 25,2020 by Ron Mertens
