LG Display not handcuffed to Apple in 2013

LG Display not handcuffed to Apple in 2013
The executives at Korean based LG Display must be reading all of the recent stories that wonder whether or not Apple has lost its mojo. The company is highly connected to the fortunes of Apple and it is concerned that if the Cupertino tech giant cuts production of its mobile devices, LG will get hurt with lower orders and reduced revenue. To make sure that it isn't 100% dependent on Apple, LG Display says that it will seek to broaden its lineup of customers for its IPS panels, FPR-type 3D TV panels and WRGB OLED panels.

Last year, panels for tablets and mobile phones represented 31% of LG Display's business, which was second to its displays for televisions. Here is why LG is so concerned about Apple's fortunes in 2013 and beyond. According to Woori Investment & Securities analyst Park Young-joo, more than a quarter of LG Display's revenues and a whopping 70% of its profits came from business conducted with Apple in 2012. Also of concern to LG is the weakening Japanese Yen. The declining currency makes exports more profitable for Japanese display suppliers like Japan Display and Sharp. LG Display might be forced to cut prices and accept lower margins, or lose some relationships that it has cultivated over the years. In the case of Apple, LG Display just wants to reduce its dependence on the Cupertino based firm, not cut them off completely.

In its most recent earnings report, LG Display posted profits of 319 billion won ($298 million USD). Television display's accounted for 43% of revenue while 17% was attributed to tablet panels. 14% of revenue came from sales of displays for other mobile devices.

source: Brightwire, WSJ via AppleInsider

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6 Comments

1. imkyle

Posts: 1114; Member since: Nov 18, 2010

Put the damn Nexus 4 back in stock!

3. _Bone_

Posts: 2155; Member since: Oct 29, 2012

You're goddamn right!

2. reyenrique

Posts: 99; Member since: Oct 07, 2012

l agree wiz u but google too

4. tedkord

Posts: 17311; Member since: Jun 17, 2009

I've got an LG 3d LED TV. The picture is great, and the passive 3d is so much less taxing than active. Not that I use 3d much at all.

5. belovedson

Posts: 1060; Member since: Nov 30, 2010

Don't make any more nexus 4's. Make a new one with exynos or snap dragon and lte. The nexus should have never skimmed over lte! And tegra blows. It's probably mass produced and cheap. I but it blows.

6. fanboy1974

Posts: 1345; Member since: Nov 12, 2011

Smart move; don't count on Apple.

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