LG Display reported its financial results for Q1 2017 - with a record operating profit of just over $900 million as the selling price of its display panel increase.

LG 2017 OLED TV lineup photo

LG Display says that the company is increasing its investment into OLEDs (going forward 70% of its capital expenditures will go to OLED production and R&D), and is also increasing production of OLED TV panels. The company is currently making about 300,000 OLED TV panels in a quarter, but this will be increased to 500,000 in the second half of 2017.

LG also states that the market response to its wallpaper TV and newly introduced Crystal Sound OLED (CSO) technology has been better than expected. While wallpaper TVs are indeed shipping, CSO was just demonstrated as a technology earlier this year so it's not clear how LG gauges the market response to this technology.

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