LGD reports its financial results for Q2 2023, is on track in its 6-Gen line, but delays plans for an 8-Gen laptop OLED line

LG Display reported its financial results for Q2 2023, with revenues of 4.74 trillion Won ($3.7 billion USD) - up 7% from last quarter, and an operating loss of 881 billion Won ($690 million USD). LGD says that demand for display panels increased during the quarter.

LGD is on track to begin mass production of medium-sized panels in the first half of 2024, building a new 6-Gen production line, that is reportedly aimed to supply for Apple's iPad Pro, the first Apple tablet to sport an AMOLED display.


LGD is also considering building a 8-Gen AMOLED production line, that will be used to produce IT displays for laptops, monitors and tablets. Reports suggest that Apple is aiming to release its first MacBook Pro with an OLED display in 2026 and 2027, and is in talks with suppliers to build suitable production lines. LGD now says that it hasn't confirmed its 8-Gen production line and it is “carefully looking at the possibility and progress of the technology development and whether market demand is developing to a level that can contribute to the company’s profits before making an investment decision".

A couple of months ago we reported that as Apple's laptop sales are declining, OLED makers are delaying investments in production lines. Samsung, meanwhile, is already committed to a 8-Gen AMOLED line

Earlier this year, LGD also delayed its investment in its planned large-area P10 OLED production line.

Posted: Jul 27,2023 by Ron Mertens