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Electronics

LG Display operating profit rises on strong iPhone demand

Apple supplier reports $622m for 4Q, biggest quarterly gain in 3 years

Analysts say LG Display's result was due to increased shipments of OLED panels for Apple's iPhone 12.   © Reuters

SEOUL (Reuters) -- 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.

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