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Apple supplier LG Display posts wider Q1 loss as pandemic dents demand

LG Display's shares ended up 0.5% versus the wider market's fall of 0.98% on Thursday.   © Reuters

SEOUL (Reuters) -- Apple Inc supplier LG Display Co Ltd warned of a sharp contraction in demand for TVs and smartphones as a result of the new coronavirus outbreak in the current quarter, after widening its first-quarter losses.

The South Korean panel maker posted its fifth straight quarter of operating losses, as the coronavirus pandemic added to the problems of the industry already grappling with demand falls and a supply glut.

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