By Se Young Lee SEOUL (Reuters) - South Korea's LG Display Co Ltd reported on Wednesday its highest quarterly profit in almost four years, buoyed by robust demand for liquid crystal displays (LCDs) from television makers and client Apple Inc. The profit was in line with expectations, and analysts said the world's top LCD maker will likely see strong earnings growth this year as well, as demand for high-end televisions is expected to increase further. LG Display guided for profit for the seasonally weak first quarter to fall sequentially, but analysts said earnings will likely be supported by sales to Apple. The U.S. company reported record iPhone sales for the fiscal quarter ended Dec. 27 and plans to launch a new smartwatch in April, suggesting further sales momentum for LG Display. LG Display said operating profit more than doubled for the October-December period from a year earlier to 625.8 billion won ($580.14 million), in line with a 623 billion won mean profit forecast by a Thomson Reuters I/B/E/S poll of 36 analysts.
via Tech News Headlines - Yahoo News http://ift.tt/1y4s0kC
Brak komentarzy:
Prześlij komentarz