10 months LG Display warns of panel price weakness as wearables boost fourth-quarter profit MB |Biz
By Reuters South Korea’s LG Display Co Ltd on Wednesday warned of weaker panel prices in the year ahead due to global economic uncertainty and U.S.- China trade tensions, as it posted a jump in quarterly profit thanks to surging sales of wearable screens. FILE PHOTO – An LG Electronics’ logo is pictured on a TV displayed at a shop in Seoul, South Korea, April 26, 2016. (REUTERS/Kim Hong-Ji/File Photo/MANILA BULLETIN) The company said strong sales of high-end screens for smartwatches helped improve profitability, even as overall sales fell due to weakness in the television segment. The surge in profit ... more