StockCall Review on LG Display, Corning and Apple: Challenges Ahead as TV Sales Slumps and Demand for iPhone Wanes

LONDON, January 28, 2013 /PRNewswire/ –

On Wednesday, Apple Inc. (NASDAQ: AAPL) released its quarterly results. Although the
company sold record number of iPhones in its first quarter, sales fell short of Street
estimates. In addition, the technology giant also gave a weaker-than-expected revenue
outlook for the current quarter. This does not augur well for LG Display Co. Ltd. (ADR)
(NYSE: LPL), which relies heavily on the iPhone. Another major concern for LG Display and
rival Corning Incorporated (NYSE: GLW) is declining TV sales. StockCall’ analysts
completed the technical analyses on Apple, LG Display and Corning. These free reports can
be accessed by registering now at http://www.stockcall.com/signup

LG Display Reports Strong Q4 Results But Gives Disappointing Outlook

On Thursday, South Korea-based LG Display reported its fourth quarter financial
results. The company posted a profit of $299 million for the quarter due to mobile product
launches during the quarter, including from key customer Apple. For the same period in the
previous year, LG Display had posted a loss after it was fined by European Union for price
fixing. LG Display’s sales for the fourth quarter jumped 32% 8.74 trillion won. Get the
free technical analysis report on LG Display at http://www.StockCall.com/LPL012813.pdf

Although LG Display reported strong fourth quarter results, shares fell sharply last
Thursday and Friday as the company’s outlook disappointed investors. The company’s CFO
said in a statement that panel shipments in the first quarter are expected to register a
percentage drop in mid-teens compared with the fourth quarter of 2012 due to seasonal
factors. Another concern for the company is fading demand for iPhones.

iPhone Worries

Late last Wednesday, Apple reported its much anticipated quarterly results. While the
company saw another record quarter, revenue for the quarter fell short of consensus
forecast. In addition, iPhone sales also fell short of expectations, raising worries that
the demand for the smartphone is fading. Also, the company’s revenue outlook for the
current quarter pointed to fading demand for iPhones. Apple technical report has been
completed after Friday’s close for up-to-date analysis. Sign up now for your free download
at http://www.StockCall.com/AAPL012813.pdf

Apple, of course, is a key customer for LG Display and a weak outlook for the iPhone
maker does not augur well for the company. Also, it is widely believed that Corning’s
Gorilla Glass is used in Apple products. So the weak Apple outlook is also bad news for
Corning Inc. [Free Technical Report on GLW [http://www.stockcall.com/GLW012813.pdf ]]
[(1)].

Declining TV Sales also a Concern for LG Display and Corning

Another area of concern for LG Display and Corning has been declining TV sales. In the
third quarter of 2012, sales in Corning’s Display Technologies segment, which includes LCD
glass business, fell 6% on a year-over-year basis.

In fact, Corning and LG Display have been banking on growth in the smartphone market
to offset declining sales in the TV market. However, Apple’s disappointing outlook is
major concern for both companies. Still, the overall smartphone market is expected to
register strong growth this year, which is a positive for both companies.

Corning Pinning Hopes on Gorilla Glass

At the time of the release of third quarter results in October last year, Corning’s
CFO James B. Flaws noted that the company’s Gorilla Glass is now available on more than
one billion consumer electronics devices around the world, and has been a resounding
success for the company. All eyes are now set on Corning’s fourth quarter results, which
will be released tomorrow January 29th before the opening bell.

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        1) Corning Inc. Technical Analysis [
          http://www.StockCall.com/CorningInc012813.pdf ]

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