Digitimes: LG Display Sees 90% Drop in 9.7-inch iPad Panel Shipments in January 2013

  • February 26, 2013
LG Display Sees 90% Drop in 9.7-inch iPad Panel Shipments in January 2013 due to the popularity of the iPad mini as well as increasing demand for low-priced tablet.

9.7-inch iPad and iPad miniLG Display Sees 90% Drop in 9.7-inch iPad Panel Shipments

Digitimes is reporting that LG Display’s has seen a declined in the shipments for the 9.7-inch iPad panels. The shipment has been slashed from six million units in December 2012, to six hundred thousand units in January 2013.
This information came from industry sources, according to the report.

“The drop is largely due to the growing popularity of the iPad mini as well as to increasing demand for low-priced tablets. Additionally, January is traditionally a slow period for panel shipments,”  Rebecca Kuo and Alex Wolfgram report for Digitimes. “The 90% on-month drop was a major contributing factor to LG Display’s overall performance in January, but the company is expected to see a rebound in its panel shipments for the 9.7-inch iPad during the second quarter due to an expected release of Apple’s next-generation iPad in the third quarter, the sources noted.”

“LG is still currently shipping 3.5-4 million panels a month for the iPad mini, but that amount made up most of the company’s five million panel shipments during January 2013,” Rebecca Kuo and Alex Wolfgram report.

Now watch the fall in Apple stock price.

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Posted by | Posted at February 26, 2013 12:37 | Tags: , , , , , ,
Storm is a technology enthusiast, who resides in the UK. He enjoys reading and writing about technology.

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