Connect with us
LG Display brings 560 million in net profit last LG Display brings 560 million in net profit last

News

LG Display brings $ 560 million in net profit last quarter

Published

on

LG Display has reported for the last quarter of 2020. The reporting period brought the South Korean manufacturer $ 6.75 billion in revenue. For comparison, in the third quarter of 2020, revenue was $ 6.09 billion, and in the fourth quarter of 2019, $ 5.81 billion.

Operating income for the quarter was $ 620 million. The previous quarter had an operating profit of $ 150 million, and in the fourth quarter of 2019 the company incurred an operating loss that was then equal to $ 380 million.

Net profit for the reporting period reached $ 560 million. The report for the third quarter of 2020 showed a value of $ 10 million, and the fourth quarter of 2019 was unprofitable. Then the company suffered a net loss of $ 1.64 billion. Note that all figures are converted to dollars at the current exchange rate and may differ from those presented in the reports for the past periods.

According to LG Display, the improved financial performance was boosted by increased demand for flat panels, driven by increased sales of TVs, monitors and laptops due to the pandemic and consumers’ shift to remote lifestyles.

PC panels accounted for 37% of LG Display’s revenue, TV panels 29%, and mobile and other panels 34%.

Click to comment

Leave a Reply

Your email address will not be published.

Phones

Apple may sell 15-20 million iPhones less than planned in the quarter

Published

on

Apple may sell 15 20 million iPhones less than planned in

Deliveries of top Apple smartphones in the quarter may be much lower than predicted.

Apple may sell 15-20 million iPhones less than planned in the quarter

According to well-known Tianfeng International analyst Ming-Chi Kuo, shipments of the iPhone 14 Pro and iPhone 14 Pro Max could be 15-20 million lower than Apple originally planned. It’s all about shutting down one of the iPhone factories due to the outbreak of COVID-19. In addition, there are continuing protests of workers, which also does not contribute to improving the situation with production.

Apple transferred some of the orders that Foxconn cannot fully fulfill to Pegatron and Luxshare, but we are talking about only 10%.

According to the results for the fourth quarter, Apple can ship 70-75 million devices instead of 80-85 million, which could have entered the market if it were not for the events that have occurred.

Of course, this will also affect revenue. According to Kuo’s forecast, Apple could earn 20-30% less for the quarter.

Continue Reading

News

Huobi and Tron Jointly Launch Dominica National Token – Dominica Coin

Published

on

Huobi and Tron Jointly Launch Dominica National Token Dominica

Crypto exchange Huobi today announced a strategic agreement with the Tron network, DMC Labs, and the government of Dominica. As part of this deal, the parties will jointly issue the world’s first national token, Dominica Coin (DMC).

Huobi and Tron Jointly Launch Dominica National Token - Dominica Coin

Moreover, at the same time, a virtual ID protocol called DID will also be launched on the Tron platform. DMC holders will automatically receive a “digital citizenship” of Dominica.

Dominica DIDs and DMCs will initially be released on the Tron network, which is Dominica’s national blockchain infrastructure. In the future, the developers plan to ensure the interaction of the DMC token with the Ethereum and BSC networks via the BitTorrent Chain protocol. Just like TRX and USDD tokens, DMC will have legal status in the Commonwealth of Dominica and can be used as a means of payment in this country.

DMC will be released on Huobi Prime. The exchange will conduct a distribution of DMC tokens and enable the Dominica DID application for each registered user, the announcement says.

DID holders can also use the ID to issue SBT tokens in the Tron ecosystem. This will open up the possibility for them to become Dominica citizens in a future blockchain-based metaverse.

After paying the fee, you can also receive a printed certificate of your status. However, it is not yet completely clear whether such a document will have legal force outside the country. DID can also be used to complete KYC verification, obtain a loan in Dominica, register a virtual company, and a number of other government services.

Continue Reading

Components

When the GeForce RTX 4090 is a wolf in sheep’s clothing. Card consumption can be reduced by 33% by sacrificing 8% performance

Published

on

When the GeForce RTX 4090 is a wolf in sheeps

Contrary to early leaks and rumors, the GeForce RTX 4090 turned out to be very energy efficient and even more economical than the RTX 3090. But Nvidia’s new product can be made even less voracious.

When the GeForce RTX 4090 is a wolf in sheep's clothing.  Card consumption can be reduced by 33% by sacrificing 8% performance

The authors of the QuasarZone resource decided not only to achieve less power consumption from the RTX 4090, but also to achieve this in two different ways. The first is reducing the power limit, but the second is more complex – it is undervolting or reducing the voltage on the GPU.

When the GeForce RTX 4090 is a wolf in sheep's clothing.  Card consumption can be reduced by 33% by sacrificing 8% performance

When the GeForce RTX 4090 is a wolf in sheep's clothing.  Card consumption can be reduced by 33% by sacrificing 8% performance

As you can see from the diagrams, both methods are effective, and in both cases you can achieve an impressive reduction in power consumption with a slight drop in performance. In the case of power limit management, power consumption can be reduced to 268 W, with a loss of only about 6% of performance. Reducing the voltage allows you to achieve power consumption of only 232 watts, sacrificing less than 8% of performance.

Thus, the RTX 4090 can be turned into a mid-range card in terms of power consumption, while keeping its monstrous performance almost unchanged.

Continue Reading

Most Popular