Tuesday, October 12, 2004
LG.Philips LCD (Seoul) reported third-quarter 2004 sales of $1.6 billion, down 19.6 percent from the second quarter as higher display fab capacity spawned an inventory build-up and falling liquid crystal display (LCD) prices.
LG's third-quarter net income was $252 million, down 15.2 percent from $298 million in the year-ago quarter and down 58.5 percent from $609 million the second quarter of 2004.
Thin-film-transistor (TFT) LCD panels for desktop monitors accounted for 54.5 percent of revenue, followed by 26.5 percent for notebook computers, 13.5 percent for TVs, and 5.4 percent for other applications.
Analysts have noted that increasing LCD fab capacity has triggered price cuts for many larger LCD panels.
LG.Philips LCD expects prices to stabilize in the current quarter, though remain weak for both PCs and TVs in the first half of 2005. Prices are expected to improve the second half of 2005 as TV demand rises.
By: DocMemory
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