In the past few days, and then we come across a variety of reports on the results of the first quarter of 2016. This time, their report published LG Display Division, and judging by the data, the case of the manufacturer are not the best way.
In the first quarter of this year, operating profit amounted to 39.5 billion won, or about $ 34.43 million. This is 95% less than the same period of 2015, and the lowest in the last four years. According to Reuters, LG company explains such problems displays excess supply.
LG reported that the supply of displays in the first quarter decreased by 7.7% compared with the fourth quarter of 2015, and the average sale price decreased by 17%. As a result, a higher priority given to large displays that allow you to more profits than their smaller counterparts.
CFO LG Display, Don Kim, said that the shipment of the panels in the second quarter of 2016 should be increased.
It is expected that the increase in the number of panels acquisitions will occur in the coming months for TVs, especially after the 2016 Olympics in Rio.
However, the company plans to increase production of mobile OLED-panels, moreover, to break into the segment leaders. As is known, currently holds the leadership of Samsung in the market.