LG Display reported its financial results for Q4 2020. Revenues reached $6 billion USD, up 11% from Q3 2020 and 16% from Q4 2019. Net profits jumped to $555 million, up from $10 million in Q3 2020 and a loss of $1.6 billion in Q4 2019.
LG Display says that demand for TV and IT products remained strong as the global work-from-home situation continued. Shipments of OLED TV panels and p-OLED smartphone panels increased meaningfully.
LG's new OLED TV fan in Guanghzou is finally mass producing OLED TV panels, and LGD shipped around 1.6 million OLED TV panels in Q4 - up 50% from last year. LG targets producing 7-8 million OLED TV panels in 2021.