LG Display's quarterly profit was hamstrung by a seasonal slowdown and decreased sales to Apple, Reuters reported today.
For its first quarter ending in March, LG took home an operating profit of 151 billion won ($135 million). That topped the average analyst's forecast of 147 billion won and proved a healthy rebound from the 211 billion won loss in the year-ago quarter. It also marked the company's fourth straight quarter in the black after seven straight quarterly losses.
However, earnings sunk 74 percent compared with its fourth quarter, the lowest level since LG's return to profitability. … Read more