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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- Samsung announces new entry-level OLED TVs — likely with LG panels inside [Verge, The]Verge, The
- LG Display returns to quarterly loss on drop in off-season demand [Yahoo! Finance]Yahoo! Finance
- LG Display returns to quarterly loss on drop in off-season demand [Reuters]Reuters
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and Resolution [Yahoo! Finance]Yahoo! Finance
LPL
Sec Filings
- 4/29/24 - Form 20-F
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- LPL's page on the SEC website