- LG Display’s (NYSE:LPL) Q3 report hints at stronger sales of Apple’s (NASDAQ:AAPL) iPhone 8 than estimated.
- The iPhone 8 supplier and world’s largest LCD panel provider reported an 80% growth in profits in the quarter.
- LG CFO Don Kim brushed aside questions about weak demand by saying client demand was strong in Q3.
- The company forecasts LCD shipments increasing by “mid-single digit percent” in Q4.
- Analysts predict that OLED panels will soon replace LCDs for mobile devices. Samsung (KS:005930) supplied the OLEDs for the iPhone X, but Apple is working with LG to become a secondary supplier by 2019.
- LG Display shares are up 4.09% premarket.
- Previously: OLED panel revenue could grow 57% to $23.2B this year (Oct. 16)
- Previously: LG Display reports Q3 results (Oct. 25)
- Previously: Apple Watch discounts for life insurance holders; iPhone 8 underperforming 6S (Oct. 23)
- Now read: Editors' Picks Daily - October 12, 2017
Original article