29 Jan '13, 8am

LG Display sees decreased capacity utilization due to Apple order cuts

LG Display sees decreased capacity utilization due to Apple order cuts

LG Display sees decreased capacity utilization due to Apple order cuts Rebecca Kuo, Tainan; Alex Wolfgram, DIGITIMES [Tuesday 29 January 2013] LG Display has reportedly reduced the capacity utilization rate at its P9 factory to roughly 60% as a result of a large reduction of 9.7-inch iPad panel orders from Apple, according to industry sources. Apple has reportedly decided to cut shipments for its 9.7-inch iPad products in the first quarter to as low as six million units, down from Apple's originally estimated 12-15 million units, due to increasing popularity among consumers for the iPad mini, said the sources. The cut has brought a drop to the P9 factory's to capacity utilization rate to 60% and it may drop even lower to 50% throughout the first quarter, added the sources. LG Display's average capacity utilization rate is also likely to remain at about 80% throughout the t...

Full article: http://www.digitimes.com/news/a20130129PD209.html

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