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RSS FeedsiPhone 12 demand drives biggest LG revenue gains in 3 years
(iMore iPhone)


27 january 2021 15:44:29

iPhone 12 demand drives biggest LG revenue gains in 3 years
(iMore iPhone)

A rise in LCD prices also helped... What you need to know LG has reported earnings of $622 million for Q4, the biggest quarterly profit in three years driven in part by shipments of the iPhone. Lg has today reported bumper Q4 earnings and its biggest profit in three years thanks to sales and demand for the iPhone 12. From Nikkei Asia: South Korea`s LG Display Co Ltd reported its highest quarterly profit in over three years on Wednesday, returning to the black for a second quarter in a row with help from increased shipments of Apple Inc`s new iPhones. The Apple supplier posted an operating profit of 685 billion won ($622 million) in the 2020 fourth quarter, compared with a loss of 422 billion won in the same period a year earlier. As the report notes, that`s LG`s highest quarterly profit since the second quarter of 2017, and well ahead of market expectations. In a statement, LG stated that the global work-from-home situation had continued to drive strong demand for TV...

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