LG Display Slumps in Seoul on Apple Shipment Speculation- AAPL

LG Display Co Ltd (KRX: 034220) cried off in Seoul trading concerning the speculation of introducing highly upgraded Apple Inc. (NASDAQ:AAPL) iPhone 5 version, which inevitably cut the shipments for the existing model of the South Korean company’s.

LG Display Co Ltd (KRX: 034220), the world’s second-largest liquid-crystal display maker declined by 4.9% to 32,700. Its steepest loss since June 4.

The upgraded version of the iPhone 5 device named as iPhone 5S is expected to be launched in the first half of the next year, inevitably increases the worries of the South Korean company as their shipment order for the device may shrink. Its investors are getting good profit as the shares are doing well in the market.

Apple Inc. (NASDAQ:AAPL)’s gross-profit margin, 40 percent, which creates an environment of envy and jealousy among most of the manufacturers at has been improved on by the supplier of speakers for the iPhone and iPad. As a consequence, AAC Technologies Holdings Inc., A China-based Company may sense the squeeze as the Smartphone maker seeks new providers.

AAC gained a gross margin of 43.9% for the three months to June go beyond the Apple Inc. (NASDAQ:AAPL)’s earning, whose profit got narrowed the past two quarters, according to the chart information.

Apple Inc. (NASDAQ:AAPL) is estimating about 4% of LG Display Co Ltd (KRX:034220)’s revenue.
LG Display Co Ltd (KRX: 034220)’s share went up by 33% current year as compared to an 8.2 hike of last year.
Apple Inc. (NASDAQ:AAPL) was down by 1.73% to close at $529.69.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.