Flat-screen maker LG Display posted a sharply narrowed quarterly loss on Friday, helped by solid demand from smartphones and tablet makers and as falling TV panel prices stabilise.
Slack sales of TVs and computers in mature markets are set to keep earnings recovery slow amid growing financial pressure to raise investment as it prepares to mass produce organic light-emitting diodes (OLED) displays, which are set to replace LCDs as the main panels for TVs in coming years.
Consumers in mature markets are delaying TV purchases until the economy improves, while PC sales growth remains slack as customers are ditching PCs in favour of tablets.
(Source: CNBC)