LG Display is set to introduce an array of its latest Gaming Organic Light Emitting Diode (OLED) displays at the Consumer Electronics Show (CES) 2024. The company will introduce these high-quality QHD screens in various sizes during the mega consumer electronics show. The 27-inch version will be launched in the first half of the year for consumers.
Revolutionary Pixel Technology
Reportedly, the new gaming display features a refresh rate of 480Hz, powered by LG Display’s latest pixel technology, where each pixel emits light independently without depending on a backlight unit. This advanced feature will give gamers a smoother gameplay experience, lower input lag, improve visuals, better eye comfort, enhance compatibility with high-end hardware, and future-proof their gaming stations.
Enhanced Visuals and META Technology
To improve the visuals and overall gaming experience, the company has used its META technology that was unveiled at CES 2023. Leveraging a micro-lens array, this innovation enhances OLED brightness by approximately 60%, minimizes external reflections, and expands viewing angles by 30%. The display delivers an immersive Quad High Definition of 2,560 x 1,440 resolution and features a response time of 0.03ms. This technology, originally deployed in LG Display’s premium televisions, has now been integrated into LPL’s gaming displays. The company also stated that the screen’s blue light emittance is the lowest compared with other display technologies available in the market.
Persistent Challenges in the Display Market
Introducing these gaming displays will give the company a head start in the highly competitive display industry, marked by rapidly changing consumer needs. However, it is worth noting that despite the introduction of new technology in the TV Panel division, the company’s TV panel business saw flat quarter-over-quarter growth during the third quarter of 2023.
The market, in which LG Display operates, faces the challenge of a consistent decline in the average selling prices. Display panel prices tend to drop steadily over time, driven by technological advancements and cost efficiencies, irrespective of industry fluctuations. Although new products usually enter the market at higher prices, these rates rapidly diminish due to competitive market forces or other influences. Currently, the company’s growth is also hindered by sluggish business performance attributed to ongoing inventory corrections across industries and slow demand recovery amid economic uncertainties.
Despite facing these obstacles, the launch of the new gaming display products could offer some short-term relief for this Zacks Rank #4 (Sell) company. However, the long-term outlook remains constrained by existing challenges.
Stocks to Consider
Some better-ranked stocks from the broader technology sector include Kanzhun, Ceridian HCM, and Everbridge, each sporting a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Kanzhun’s fourth-quarter 2023 earnings has been revised downward by 2 cents to 16 cents per share in the past 30 days. Shares of Kanzhun have plunged 33.9% in the past year.
The Zacks Consensus Estimate for Ceridian HCM’s fourth-quarter 2023 earnings has been revised by a penny northward to 32 cents per share in the past 90 days. Shares of Ceridian HCM have gained 1% in the past year.
The Zacks Consensus Estimate for Everbridge’s fourth-quarter 2023 earnings has declined by a penny in the past 60 days to 49 cents per share. Shares of Everbridge have declined 24% in the past year.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
