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LG DISPLAY WON TWO TRIPLE CROWNS IN LARGE LCD PANEL MARKET FOR THREE CONSECUTIVE QUARTERS
2011-11-10
Seoul, Korea (November 10, 2011) ? LG Display [NYSE: LPL, KRX: 034220], a leading innovator of thin-film transistor liquid crystal display (TFT-LCD) technology, announced that it won two triple crowns in the large-sized LCD panel market for three consecutive quarters. In a quarterly report by DisplaySearch LG Display was ranked no. 1 in three categories concerning overall market share (sales, shipments and aggregate display area) as well as in three product categories (TVs, monitors, and notebook PCs), which shows the company’s leadership in this market and its resilience despite the downturn in the global economy in the past few years.
According to the report, LG Display secured the no.1 position in global shipments (28.7% of the market share) in the third quarter of 2011, along with the highest sales revenue and largest display area (28.3% market share each). For the product categories, LG Display has also had the biggest market share of large-size panel shipments for TVs, monitors, and notebook PCs (25.8%, 25.4%, 33.4% respectively), thus achieving two triple crowns.
“Our cutting-edge and industry-leading technologies such as FPR 3D for TVs and IPS for notebook PCs and monitors lead to these constant and unmatched results in this difficult economic situation,” said President and CEO of LG Display Mr. Young Soo Kwon. “Based on our distinctive competencies underpinned by high quality and strong customer acquisition, we will continue to increase market influence.”
The LCD market in the third quarter is still chugging along at minimal growth rates due to the economy’s slow recovery and the continued sluggish demand for display panels. In this regard, LG Display’s significant performance against this tough economic time is meaningful in that its technological superiority leading to product quality and loyal customers pays off in difficult situation.
LG Display also has become the first company to exceed 30% market share in large-sized LCD panel market as of September 2011. In notebook PC market, LG Display secured more than 30% share merely among the competitors during the last three quarters this year, which shows its continuous strength in the market.
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About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. The company provides TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, mobile products and other various applications. LG Display currently operates eight fabrication facilities and six back-end assembly facilities in Korea, China and Poland. The company has a total of 50,000 employees operating worldwide. Please visit http://www.lgdisplay.com for more information.
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Contact: Bang-Soo Lee, Senior VP, Public Affairs & PR Jean Lee, Manager, Corporate PR
LG Display LG Display
Phone: +822-3777-1020 Phone: +822-3777-1689
E-mail: bsleeb@lgdisplay.com E-mail: jean.lee@lgdisplay.com