Apple supplier LG Display slashes investment plans as losses mount [Yahoo! Finance News]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Yahoo! Finance News
South Korea's LG Display Co Ltd , a key Apple supplier, slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market, as it posted a second consecutive quarterly loss on sagging panel prices. The cut underscores the bleak outlook for electronics makers and comes a week after another Apple Inc (AAPL.O) supplier, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , also scaled back its revenue and investment estimates. "It is a conservative approach resulting from uncertainty around the mobile market," Don Kim, LG's chief finance officer, told an earnings conference call, referring to the capex reduction.
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News
- LG Display: Consider Potential Results Miss And Favorable Developments [Seeking Alpha]Seeking Alpha
- LG Display Co., Ltd. (NYSE: LPL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- ????????????????????? ??????????????????????????????? AMOLED ??????????????? ??????????????????????????????????? 50% ???? 2566PR Web
- AR and VR Display Companies - Samsung Electronics (South Korea) and LG Display (South Korea) are the Key Players [Yahoo! Finance]Yahoo! Finance
- LG Display Co., Ltd. (NYSE: LPL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
LPL
Sec Filings
- 4/1/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- LPL's page on the SEC website