LG Display Co., Ltd. (NYSE:LPL) Q4 2022 Earnings Call Transcript

So, allow me to complete my response to this question by providing you with this, let’s say a fundamental response. And as pointed out we will keep a closely monitoring the changes in the market and respond accordingly. Next is about the question on IT OLED. Now, this is the segment where we need to maintain not only the short-term perspective, but also the mid to long-term perspective because it involves not only tablets, but also monitors and notebooks as well. Now, in terms of the Monitors segment, we will also start targeting the gaming monitors, which is a premium market where the customers are willing to pay more. So, this is the segment that we will start targeting and tablet is part of that. And looking at the mobile case, we see that the BOE’s market share is now about 30% in the high end segment.

Of course, there had been concerns of the premium price and also concerns about the potential scalability. But then I believe that there has been value up from the set makers side. And we believe that that is how we were able to increase the penetration. And we believe that the same developments could occur in the Tablet segment as well. But at the same time, as the questioner had rightly pointed out, the high end payment of value in tablet monitors or notebooks would be lower than for the smartphones and also the use cases might be limited still. So, we would be looking into the different factors and the circumstances and tried to come up with rational prospects for penetration rate and then also set our business plan and strategy accordingly.

Brian Heo: If there are no further questions, we will now close Q4 2022 earnings conference call. Thank you once again for joining us today. Please do contact us at the IR team for any additional questions. Thank you.