LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending December 31, 2024.

• Revenues in the fourth quarter of 2024 increased by 15% to KRW 7,833 billion from KRW 6,821 billion in the third quarter of 2024 and increased by 6% from KRW 7,396 billion in the fourth quarter of 2023.
• Operating profit in the fourth quarter of 2024 recorded KRW 83.1 billion. This compares with the operating loss of KRW 80.6 billion in the third quarter of 2024 and with the operating profit of KRW 132 billion in the fourth quarter of 2023.
• EBITDA profit in the fourth quarter of 2024 was KRW 1,306 billion, compared with EBITDA profit of KRW 1,162 billion in the third quarter of 2024 and with EBITDA profit of KRW 1,272 billion in the fourth quarter of 2023.
• Net loss in the fourth quarter of 2024 was KRW 839 billion, compared with the net loss of KRW 338 billion in the third quarter of 2024 and with the net income of KRW 50.5 billion in the fourth quarter of 2023.

LG Display, the world's leading innovator of display technologies, continues to lead the way in large-sized OLED technology by unveiling its fourth-generation OLED TV panel. 33% brighter than the previous generation and optimized for the AI TV era, it is the industry's first ever OLED display to achieve a maximum brightness as high as 4,000 nits (1 nit is the brightness produced by a candle).

Panels with both high brightness and energy efficiency are essential for AI TVs, as they use upscaling that analyzes content in real time to deliver ultra-high picture quality of up to 8K. The industry also considers higher brightness to be a key picture quality factor because it enables more vivid images that are akin to natural human vision.

LG Display, the world's leading innovator of display technologies, announced today its unveiling of the world's first Stretchable display capable of expanding up to 50%, the highest rate of elongation in the industry. At LG Science Park in Seoul on Nov. 8, the company demonstrated the panel at a meeting of more than 100 South Korean industry, academia, and research stakeholders involved in a Stretchable display national project.

Stretchable displays are seen as the ultimate free-form screen technology because they can be freely transformed into any shape, including by stretching, folding, and twisting.

LG Display, the world's leading innovator of display technologies, announced today that it has started mass production of the industry's first 13-inch Tandem OLED panel for laptops. The company is targeting the OLED market with the higher performance and lower power consumption of Tandem OLED technology. First commercialized by LG Display in 2019, Tandem OLED's advantages are achieved by combining two stacks of red, green, and blue (RGB) organic light emitting layers. Working together in tandem, these layers offer superior durability and performance compared to single-layer OLED panels, including a longer life span and higher brightness.

Tandem OLEDs were first applied to automotive OLEDs, which have particularly high quality standards, to disperse energy and allow them to operate more reliably for longer periods of time. They are also considered optimal for IT products that require a relatively high amount of screen time, such as laptops, monitors, and tablets. Now applied to laptops for the first time, LG Display's new Tandem OLED panel has been tailored for laptop use. It can deliver double the lifespan and triple the brightness of a conventional single-layer OLED display, while reducing power consumption by up to 40%, making it ideal for high-performance IT devices like AI laptops as well as regular laptops.

LG Display, the world's leading innovator of display technologies, announced today the unveiling of a large number of its next-generation OLED and cutting-edge display technologies at SID Display Week 2024 in San Jose, California from May 14-16. LG Display is allowing visitors to experience new OLED technologies under the theme "A Better Future," ranging from OLEDoS for VR to large-sized OLED panels that go beyond the limits of picture quality and automotive display solutions that are optimized for Software Defined Vehicles (SDV).

The company's latest innovations include a new technology, OLEDoS for VR, which is being shown to the public for the first time and features dramatically increased screen brightness and resolution compared with the existing standard. Despite being the size of a coin at 1.3-inch, it achieves an ultra-high brightness of 10,000 nits and an ultra-high resolution of around 4,000 ppi, which is in the 4K class. In addition, its color expression accuracy is realized by meeting more than 97% of the DCI-P3 standard color area of the Digital Cinema Initiatives (DCI). All these enable more lifelike virtual reality with industry-leading picture quality.

LG Display, the world's leading innovator of display technologies, announced today that it has developed the first-ever Gaming OLED panel with a switchable refresh rate and resolution. The company has begun mass production of the 31.5-inch panel this month, accelerating its push into the high-end gaming display market with new concept products.

This groundbreaking Gaming OLED panel allows users to freely choose between a high refresh rate (FHD 480 Hz) and a high-resolution mode (UHD 240 Hz) depending on the content.

Mid-January reportage indicated that LG and Samsung plants in South Korea had commenced construction of next-gen Apple iPad OLED parts—while expert analysis has predicted a second quarter launch of 11 and 13-inch "Pro" tablet models. Omdia—an independent analyst and consultancy firm—has compiled its Apple field research into a forecasted roadmap of various portable products. Company analysts believe that: "LG Display (LGD) and Samsung Display (SDC) are preparing to mass-produce RGB tandem stack and Hybrid OLEDs from their half-Gen 6 fabs. Apple also plans to launch the MacBook Pro with OLED displays in 2026. BOE, LGD, and SDC are preparing their fab investments to produce RGB tandem stack and hybrid OLEDs at half-Gen 8.7 fabs."

9to5Mac's insider network detected whispers of possible Apple tablet physical profile adjustments—suggesting that a larger next-gen iPad Air is in the pipeline, alongside a thinner iPad Pro design update: "(we) first reported last year that Apple has been working on two new versions of the iPad Air, codenamed J507 and J537. While one of these models will look pretty much like the current iPad Air, the other will have a larger display. If true, this will be the first time Apple will offer the iPad Air in two different sizes. And according to our sources, this larger iPad Air will have essentially the same dimensions as the current 12.9-inch iPad Pro, suggesting that the screen size will also be almost identical. The smaller iPad Air is unlikely to have any significant design changes."

Announced just before the Christmas holiday, LG's UltraGear 27GS95QE is now starting to become available for purchase. The differences between it and its predecessor, the 27GR95QE are very minor and the only obvious specification change is a bump in SDR brightness from 200 nits to 275 nits typical brightness. That said, the older 27GR95QE didn't quite manage to meet the 200 nits figure in reviews. Likewise the claimed 1000 nits HDR brightness wasn't achieved by the older model either and although LG is sticking to the same peak HDR brightness, it's possible that this has been improved as well, as the older model didn't go much beyond 600 nits in reviews.

The UltraGear 27GS95QE retains the matte AG coating, so those hoping for a glossy display are out of luck as well. TFT Central believes that the 27GS95QE is using a new WOLED panel from LG Display that is technically capable of reaching 1300 nits, but this is currently just speculation. Converting C$1200 to US$, suggests that the MSRP is likely to be US$899 plus taxes, which means the new models will be around U$100 cheaper than the old model in terms of MSRP. For anyone that isn't overly concerned about the brightness, the older 27GR95QE has been discounted by LG in the US and is now going for US$750, which is a US$250 discount on the US$999 MSRP. The lower MSRP of the new models appears to suggest that OLED pricing are slowly coming down in price, but it appears we're going to have to wait another couple of years before they reach more mainstream pricing.

Insider information emerging from an LG Display manufacturing plant points to OLED screen production ramping up in the coming months for fitting on next generation Apple iPad Pro models. According to Korea's The Elec, LG as well as rival Samsung's Display division are about to begin production on thin film transistor (TFT) layering for prosumer iOS-driven tablets. LG is allegedly contracted to manufacture upcoming 13-inch iPad Pro display tech, while Samsung is tasked with producing an 11-inch parts. The Korean report proposes that Apple is hoping to get its 13-inch and 11-inch OLED iPad Pro models into a mass production phase by March. Industry insiders think that M3 (ARM-based) chipsets are a natural choice to power these devices.

An Apple analyst—Ming-Chi Kuo—reckons that OLED-equipped iPad Pro models are scheduled for a second quarter 2024 launch, which lands anywhere between April to June. The multinational technology company had a sluggish 2023, in terms of hardware sales, and is likely keen to generate interest with its next-gen iPad Pro range—the addition of OLED technology (a first for Apple tablets) seems to be a key strategy. Mac Rumors believes that: "Apple's OLED iPad Pro shipments forecast for the year have reportedly decreased to 8 million units, down from the 10 million units that were projected for 2024 last year. The reduction is said to be a reflection of broadly sluggish performance across Apple's product lineup. Apple did not release any new iPad models last year, so it will be interesting to see if pent-up demand can offset poor sales."

LG Display at the 2024 International CES showed off its artisan CineBeam Qube projector. This 4K Ultra HD DLP is suitable for screen sizes ranging between 50-inch to 120-inch, and uses a powerful RGB laser light source, with a 450,000:1 contrast ratio, and 500 ANSI Lumens brightness. Its membrane offers 154% coverage of DCI-P3 color gamut. Sweetening the deal is the full LG WebOS smart TV feature set, so the CineBeam Qube, an Internet connection over Wi-Fi, and a bunch of streaming service subscriptions, are all you need. The projector takes in HDMI and USB-C inputs, and a digital audio passthrough, so you can connect it to your sound system. The UltraGear G9GS95QE is a gorgeous 39-inch curved gaming monitor with a steep 800R curvature, a UWQHD (3440 x 1440 pixels) resolution, and a solid 240 Hz refresh rate, along with 0.03 ms (GTG) response time. The monitor meets VESA DisplayHDR True Black 400 specs.

LG Display, the world's leading innovator of display technologies, announced today that it will unveil its latest OLED products based on proprietary technology that revolutionize customer values at CES 2024. The company will operate two booths at the Las Vegas Convention Center (LVCC), with its main booth in the North Hall and an exclusive booth dedicated to automotive displays in the West Hall.

Under the theme of "A Better Future," signifying the company's various display solutions based on cutting-edge OLED technologies that can revolutionize consumer lifestyles, LG Display will present its latest large-sized OLED technology and next-generation automotive display solutions optimized for Software Defined Vehicles (SDVs).

LG Display, the world's leading innovator of display technologies, announced today that it has successfully completed the development of its 27-inch 480 Hz QHD Gaming OLED display and prepared an official showcase for CES 2024, opening a new era of OLEDs featuring ultra-high refresh rates.

LG Display's latest Gaming OLED display leverages the company's unique OLED technology, which allows each pixel to emit light independently without a backlight unit, to deliver an unprecedented 480 Hz refresh rate, immersive QHD (2,560 x 1,440) resolution, and the fastest response time (0.03 ms) of any panel on the market today, combining to realize the optimal gaming experience for avid gamers.

TrendForce reports that the ever-expanding dimensions of OLED products, combined with the ambitious plans of several top-tier brands, mean that 2023 could see OLED monitor shipments hitting a staggering 508,000 units—an astronomical YoY surge of 323%. Come 2024, the OLED landscape will be richer with more diverse product sizes and specifications. Add to that the debut of the 27-inch and 31.5-inch OLED panels by two leading Korean panel makers, and the arena is set for a showdown. Such dynamics are predicted to catapult OLED monitor shipments past the coveted one million unit threshold.

In terms of market share, Samsung is on track for a spirited push in OLED monitor shipments in 2H23, potentially capturing a market share of 27%—echoing LGE's performance. Not to be left behind, Dell is ardently pushing its 34-inch offering, hoping to clinch a market presence above 20%. Meanwhile, ASUS, having strategically positioned itself in the OLED monitor sector recently, is eyeing a market share nearing 9% this year.

LG Display, the world's leading innovator of display technologies, announced today that it will start mass-production of the 17-inch Foldable OLED panel for laptops, a representation of the company's earnest commitment to the expansion of its OLED business for IT devices. LG Display's 17-inch Foldable OLED panel features a Tandem OLED structure previously applied to automotive displays, with a dramatically increased lifespan suitable for IT devices. An industry first in 2019, LG Display's Tandem OLED embodies its groundbreaking two-stack OLED technology, which adds an extra organic emitting layer to deliver brighter screens while effectively dispersing energy across OLED components for optimal stability and longer lifespans. The longevity of the panel is well-suited to IT devices which typically have longer usage times such as laptops, monitors, and tablets.

The company's groundbreaking 17-inch Foldable OLED for laptops integrates a specialized material that minimizes creasing in the folding area of the screen. This results in a seamless display and crystal-clear picture quality, unlike conventional foldable panels. In addition, the 17-inch Foldable OLED features an 'in-folding' design, allowing it to fold inwards with ease. The curvature of the folding portion is reduced to 3R (radius of curvature 3 mm), resulting in a slim and seamless screen design that closely fits together when folded in half. The panel incorporates QHD+ resolution (2560 x 1920) on its 17-inch large screen and boasts an infinite contrast ratio unique to OLED technology, ensuring high-definition content can be enjoyed anytime and anywhere.

LG Electronics announces the newest addition to its LG MAGNIT lineup of premium Micro LED displays. The new model (LSAL006) provides immersive home entertainment experiences via an expansive 118-inch, 4K (3,840 x 2,160) resolution screen featuring LG's Micro LED technology and a miniscule 0.68-millimeter pixel pitch. Possessing the elegance and scale befitting a super-luxury residence, the impressive display offers a seamless user experience with webOS, a wealth of content services, and convenient streaming from a wide range of devices.

Delivering unparalleled picture quality through the brilliance of Micro LED technology, the new LG MAGNIT allows customers to enjoy complete viewing immersion in the comfort of their own homes. The cutting-edge display's micro-scale pixels and the integration of LG's Surface Treatment technology ensure excellent image reproduction with vivid colors and outstanding contrast.

LG Electronics USA announced the debut of three new models to its critically acclaimed LG UltraGear gaming monitor lineup—the LG UltraGear GR93U-B (27- and 32-inch models) and the LG UltraGear GR83Q-B (27-inch model). All models are available now at LG.com and LG-authorized retailers. The LG UltraGear GR93U-B is designed for those who desire a high-resolution screen that supports a smooth gaming experience. The UHD (3840 x 2160) IPS display supports up to a 144 Hz refresh rate and a 1 ms (GtG) response time for delightfully smooth, low-latency gaming.

For those who prioritize an ultra-smooth gaming experience with virtually no lag, the LG UltraGear GR83Q-B's 27-inch QHD (2560x1440) IPS Display supports up to a 240 Hz refresh rate and a 1 ms (GtG) response time. All three new models support up to 95% of the DCI-P3 color gamut with VESA DisplayHDR 400 delivering dynamic contrast and high-fidelity color. LG's UltraGear monitors are all about creating a premium gaming experience, which is why they're NVIDIA G-SYNC Compatible and AMD FreeSync Premium-certified and contain HDMI 2.1 with 4-Pole Headphone out with DTS HP:X.

LG Electronics (LG) announces the global rollout of its new Smart Cam (model VC23GA). A Full HD (FHD) video camera with built-in dual microphones and multi-view function, the Smart Cam seamlessly integrates with LG's webOS-powered smart TVs to provide enhanced user interaction with a host of premium apps and services. The pairing offers convenient video calling and conferencing, an elevated home fitness experience and much more to cater to the diverse needs of customers as they enjoy various services offered by LG Smart TVs.

Compatible with many of the services available on LG TV's webOS platform, LG Smart Cam opens up a range of diverse and compelling interactive experiences. For example, users can now conveniently connect with co-workers, clients, family or friends via RemoteMeeting, an innovative web-based video conferencing service that also works across PCs, laptops and smartphones. The FHD resolution (1,920 x 1,080) Smart Cam provides smooth, crisp video that looks remarkably clear and lifelike when displayed on LG's large screen TVs, which are known for their excellent picture quality. Setting up the RemoteMeeting app on LG TV is fast and simple and conveniently eliminates the need for a laptop or PC connection. Moreover, the Smart Cam's built-in mics mean no extra peripherals are required.

Veeo, based in Las Vegas, NV, is proud to announce its first T-OLED-based display, named Veeo T30 at INFOCOMM 2023. Veeo's BDC system, centrally placed behind a 30" or 50" LG T-OLED display panel, captures images of users sitting on the opposite side with a perspective as if the camera is placed in the front center of the screen. When captured this way, video images are more aligned with the user's line of sight when looking at the display content. This contrasts the effect when a camera is placed on the top edge of a display, creating the erroneous impression that the user is lowering their eyes to avoid eye contact with people on the other end.

With Veeo T35, users in video conferences appear to be looking at one another, eye-to-eye, with the BDC aligned with the user's eye level. This brings us one step closer to recreating the in-person meeting experience where users can look at each other in the eye. "Veeo is a game-changer in the world of remote collaboration," says Bayley Pierson, Veeo's Director of Product Marketing. "It solves the two biggest problems of virtual communication, delivering a genuine face-to-face connection while allowing for seamless collaboration on digital content. Veeo is the future of video conferencing, and we're thrilled to be at the forefront of this revolution."

According to a newly published study, by market analysts at Display Supply Chain Consultants (DSCC), TV OLED panel production costs are set to fall consistently over the next two years. Thanks to increased efficiency and improved yields at key manufacturing facilities, premium TV models could drop in price within a few months (maybe in time for Christmas) - according to FlatPanelsHD. The DSCC report indicates that production costs per 55-inch OLED panel are predicted to decrease by roughly 20% (when compared to data from 2022), with the same percentage reduction lined up for 2024. LG Display's "white OLED" panel is the given example here - it is featured on many 2023 TV ranges including LG's own C3 and G3 models, as well as units from competing brands: Sony, Panasonic, Philips, Hisense, etc.

Samsung's proprietary QD-OLED TV technology is also forecasted to become cheaper to produce - by 30% - according to the market analysts at DSCC. The Display division's South Korean factory lines are capable of pumping out 65-inch QD-OLED panels at greater efficiency this year - with a reported higher overall yield when compared to 2022's results (from 68% to 84%). Samsung's quantum dot panels are usually reserved for flagship level TV models, but lower production costs could lead to more mid-range televisions adopting the high-end display technology.

CORSAIR (NASDAQ: CRSR), a world leader in enthusiast components for gamers, creators, and PC builders, today announced the launch and immediate availability of the new CORSAIR XENEON 27QHD240 OLED gaming monitor. Boasting a cutting edge 3rd generation OLED panel from LG Display, the XENEON 27 OLED brings the amazing image quality, black level and response time benefits of OLED to the popular 27 in monitor size, combining stunning image quality and 240 Hz refresh rate to display everything your PC has to offer at its best.

Developed as part of an ongoing close relationship between CORSAIR and LG Display, the XENEON 27 OLED uses LG Micro Lens Array (MLA) technology placing 5,117 micro lenses per pixel to boost brightness, improve viewing angle, and display stunningly bright colors. Up to 1,000 nits brightness and 98.5% DCI-P3 color gamut reveal an amazing level of detail in every image, from the brightest highlights to the gloomiest shadows, with HDR and a 1,500,000:1 contrast ratio.

Dell first unveiled its UltraSharp U3224KB 6K monitor back in early January at the CES 2023 trade show - this professional-grade 31.5-inch screen boasts Thunderbolt 4 connectivity and sports an impressive IPS Black panel (courtesy of LG Display) capable of displaying a super dense 6144 x 3456 pixel resolution. Today the North American technology company has announced that its U3224KB model is available to purchase at a price of $3,199 (CA $4,289.99).

The UltraSharp's competitive pricing undercuts the nearest competition by $1000 - Apple's Pro Display XDR is marginally better in terms of specifications, but potential buyers will get landed with a $5000 bill for the privilege of owning it. Dell is hoping that a bunch of handy features on its offering - including an in-built KVM, 4K HDR webcam, plenty of type USB-C & A ports, a Thunderbolt 4 port and dual 14 W speakers - will be enough to steal some professional clients from Team Cupertino.

LG is reported to be making substantial investments into improving and upgrading its OLED manufacturing facilities in South Korea - last month we found out about a similar effort underway at Samsung (courtesy of Reuters). Nikkei Asia has today published an article that explores this situation plus a wider context - their findings reaffirm existing claims that Samsung Display has spent $3+ billion on the sprucing up of its Tangjeong factory. LG's modernization bill is smaller at a mere $2.5 billion - this will be spent on creating additional production lines at the company's mainline Paju plant. LG is aiming to increase factory output of medium-sized OLED panels using sixth generation technology.

According to last month's report, industry insiders have suggested that Samsung was ramping up its high end OLED production lines in order to secure substantial component orders from a key client, Apple, with premium display panels destined for fitting on next generation iPad and MacBook products. Reuters posited that LG was not able to fulfil any new requests from Apple at the time - due to its display factories being fully booked and operating at maximum capacity. It seems that LG is now addressing this problem by making necessary and essential upgrades at its Paju P10 OLED facility. A domestic rivalry is only part of the problem, both giant South Korean electronics firms are also keeping a collective eye on other rival manufacturers (operating out of nearby nations).

CORSAIR, a world leader in enthusiast components for gamers, creators, and PC builders, today announced an exciting new addition to its lineup of high-performance gaming monitors, the XENEON 27QHD240 OLED. Combining the latest in LG OLED display technology with trademark CORSAIR style and performance, the XENEON 27 OLED offers superb black levels, self-lit OLED pixels, and blistering 240 Hz refresh rate, all in a 2560x1440 27-inch package ready to display everything your PC has to offer at its best.

Continuing the close partnership between CORSAIR and LG Display, the XENEON 27 OLED boasts a cutting edge 3rd generation OLED panel with META Technology featuring Micro Lens Array (MLA). This innovative new technology places a focal lens to enhance brightness in front of every pixel, boosting brightness far beyond previous generation OLED panels and delivering breathtaking color vibrancy. HDR10, 1,500,000:1 contrast ratio, a peak brightness of up to 1,000 nits and 98.5% DCI-P3 color gamut ensure that the brightest highlights, darkest details, and most nuanced colors are presented beautifully, whatever you're playing, watching or creating.

At CES, LG announced its new Gram Style notebooks with OLED displays and news out of Korea now suggests that the 14 and 16-inch notebooks will sport OLED displays from LG's main competitor, Samsung. This might not be entirely surprising, as there's a limited number of laptop sized OLED panel manufacturers and it seems like LG would rather go with a local, Korean option, rather than using a Japanese or Chinese panel in its upcoming notebooks.

The report by the Elec suggests that the LG Gram Style notebooks will use Samsung's rigid OLED panels based on a standard glass substrate. This is also the type of panel that most other notebook manufacturers are using today, as it's the most cost effective type of OLED panels, regardless of manufacturer. LG Display doesn't currently manufacture this type of OLED panels, even though it apparently could do so, using its flexible OLED production lines, albeit at a higher cost. The irony in the situation is still hard to miss though, as the two companies are fierce competitors in many of their core businesses.

LG UltraGear at the 2023 International CES showed off the world's first gaming monitor with a blistering fast 240 Hz OLED panel. An in-house development by LG Display, the LG UltraGear OLED 45GR95QE is a 45-inch ultrawide gaming monitor with a 21:9 aspect-ratio, 3440 x 1440 pixels native resolution, an 800R curvature, and a surreal 240 Hz refresh rate with 0.03 ms response time. It supports both G-SYNC and FreeSync Premium to help it twiddle its thumbs while it awaits new frames from your GPU. The display takes input from HDMI 2.1, and features a high-performance DAC + headphones amplifier along with support for DTS Headphone X. For these and more, the monitor bagged a 2023 CES Innovation Award.