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LG Display (LPL): Q1 net profit of 3.49B won ($3.1M) vs loss of 129B won a year earlier and vs...

LG Display (LPL): Q1 net profit of 3.49B won ($3.1M) vs loss of 129B won a year earlier and vs consensus of 76B won. Sales +10% to 6.8T won. Operating profit -74% on quarter to 151B won, hurt by falling seasonal demand and weaker sales to Apple (AAPL), which accounts for a large part of LG's sales and is due to report its results tomorrow. Analyst Pak Yuak reckons that LG's panel sales for iPads rose 192% on year but that iPhone-screen sales dropped 33%.
Comments (4)
  • zd2002
    , contributor
    Comments (167) | Send Message
     
    Did LG actually say that iPad panel orders were up and iPhone panels went down, or was that simply an analyst guestimate? Even then, the Reuter and WSJ seem to disagree with each other. Reuter said it was iPhone demand slowing, while WSJ says Apple is diversifying suppliers. So what is it?
    22 Apr 2013, 05:26 AM Reply Like
  • kenpat
    , contributor
    Comments (8) | Send Message
     
    LG also produced the Google Nexus phones. Is it possible that the Nexus phones did not sell as much as expected?
    Analysts are going to beat AAPL down till no one will want to own it and then push the stock higher. That is how they make their money.
    The new trade is going to be Sell Goog and buy AAPL and may already be starting to happen.
    22 Apr 2013, 06:30 AM Reply Like
  • acsatix
    , contributor
    Comments (121) | Send Message
     
    guys. I have already read 4 DIFFERENT stories on LG results all of which bashing apple but from different angles . none of which is straight.

     

    So, since we have just one day to go I trust things will be known by tomorrow. meanwhile place your bets!
    22 Apr 2013, 09:22 AM Reply Like
  • scott trader
    , contributor
    Comments (4793) | Send Message
     
    Lg display income mainly comes from flat screen TV s. it is pay by the inch tablets and phones carry little weight plus Corning make s a substantial a,mount of glass tablet displays
    22 Apr 2013, 12:15 PM Reply Like
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