LGD reports a profitable quarter, on track to ship 8 million OLED TV panels in 2021

LG Display reported its financial results for Q3 2021. Revenues increased 7% from Q3 2020 to reach 7,223 billion KRW ($6.2 billion USD) while net income was 463 billion KRW ($396 million USD).

LGD says that it enjoyed high demand for IT panels, and its large-size OLED business continues to "strengthen its position in the market as the premium TV sector continues to grow". LGD expects to ship 8 million OLED TV panels in 2021, with record annual profit.

To read the entire article, sign up for OLED-Info Pro

OLED-Info Membership Benefits:

  • Access to premium content
  • A comprehensive guide to the OLED industry
  • OLED Insights and trends analysis
  • AI-powered assistant built specifically for the OLED industry
  • A content library of 200+ brochures, catalogs, roadmaps, presentations and more.
  • Detailed structured information on OLED devices, fabs, microdisplays, automotive applications and more
  • Online access, easy subscription model, cancel at any time
  • Only $24.99 per month! (discounts for yearly subscriptions)
Posted: Oct 27,2021 by Ron Mertens