LG Display Loss, Tantrum Apple? LG Display Declining revenues, Tantrum Reduced Orders from Apple. Apple is believed to have accounted for 30 percent of revenue LG Display, so when a report claimed that the South Korean company's revenue is decreasing, then the first thought is certainly nothing to do with Apple's iPhone and iPad.
LG Electronics subsidiary has been reported that the profits of 151 billion won (U.S. $ 1.31 trillion) during the first quarter of this year, which is an advantage since at least the start profitable company, the second quarter of 2012. Even so, it exceeded analysts' predictions named Thomson Reuters stating LG Display profit reached 147 billion won (U.S. $ 1.27 trillion).
This is the fourth time in a row the screen specialist firms earn a profit, after the previous 7 consecutive quarters of losses continues. Jay Yoo, an analyst at Korea Investment and Securities, said earlier that he expected shipments of LG Display for the iPhone 5 and iPad 4 decreased, respectively 42 and 66 per cent from the previous quarter, why not others, due to the sale of Apple products that tend to slow down.
Another analyst from Samsung Securities, Harrison Cho, namely that the cheap version of the Apple iPhone which will be introduced in July would encourage shipping LG Display in June when the mobile parts are expected to be ready to be shipped. LG Display itself predicts shipments will rise 5-10 percent in the second quarter, due to Apple's new products and new products from LG Electronics himself.