LG Display announced the fourth quarter 2017 financial results. Revenues reached 7,206 billion won (approximately 6.6 billion U.S. dollars), a slight increase from the third quarter of 2017, but a 10% decrease from the fourth quarter of 2016. Net income was 44 billion won (approximately US$42 million), a 91% decrease from the third quarter of 2017 and a 95% decrease from the fourth quarter of 2016.
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In 2017, LGD said it will consolidate the OLED business, increase its annual OLED TV shipments to 1.7 million units, and begin production of flexible OLEDs on its E5 production line. The 6th generation E5 line will start mass production in the third quarter of 2017, but only for products released at the end of 2017 - 6-inch P-OLED for LG's own V30 and Google's Pixel 2 XL, produced earlier and smaller by LG The E2 line, critics and consumers are slightly disappointed with LG's AMOLED performance. In August, OLED-info reported that the output of the LGD 6-generation E5 line is still low, but output and quality are improving.
Looking ahead, LGD stated that it will accelerate the transition to an OLED-centric business structure by investing 9 trillion won (about 8.4 billion U.S. dollars) to make strategic preparations for the future. more specifically. The goal of LGD is to start flexible OLED production on the 6th generation E6 line in Paju in the third quarter of 2018. The E6 line monthly production capacity is 15,000, and LGD's total investment in this plant is approximately US$1.7 billion.
Earlier this month, there were reports that LG Display was discussing the final stage with Apple. It is expected that it will supply 15 to 16 million flexible OLEDs to Apple in 2018 (LGD will supply 6.5 for Apple’s large-size iPhone OLED product in 2018). Inch AMOLED). It has been reported that LGD will provide E6 line OLED products to Apple in 2018, but it seems somewhat optimistic because it usually takes several months between the official production of commercial displays and actual volume production. Of course, the E5 line will provide 15 to 16 million OLEDs for Apple, which should be fully operational by mid-2018.
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