LG Display, which makes IPS LCD displays for iPhones, says that demand from its clients remains strong despite a number of reports of sluggish iPhone 8 sales. The company’s chief financial officer made the comment while announcing an 80% increase in quarterly profits, just ahead of expectations …
Reuters reports that LG expects LCD screen shipments to ‘increase by “a mid-single digit percent” in the current quarter.’
“Mobile LCD panel sales have been supported, partly due to the release of the latest iPhone. And although large-size panel prices have been falling, LG has been able to hold its ground well on the strength of its premium products,” said Kim Yang-jae, an analyst at KTB Investment & Securities.
