LG Philips Reports Lackluster Q2

July 2006
Electronic News;7/17/2006, Vol. 52 Issue 29, p37
Trade Publication
This article states that South Korea-based TFT-LCD manufacturer LG.Philips LCD today released less than stellar Q2 results for the quarter ended June 30, 2006. Q2 sales decreased by 6 percent to $2.45 billion from sales of $2.6 billion in Q1 and increased 0.3 percent compared to Q2 2005 sales of $2.4 billion. Broken out, the consumer electronics player reported TFT-LCD panels for TVs, desktop monitors, notebook computers and other applications accounted for 48 percent, 26 percent, 21 percent and 5 percent of revenue, respectively, in Q2. LG Philips said that the sequential decline in sales was the result of an industry-wide decline in average selling prices across the TV, monitor and notebook segments, as well as less than expected sales volume growth and overcapacity.


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