The Apple supplier earlier forecast a tough 2019 as it invests heavily in OLED panels at a time of weak demand for smartphones and tech gadgets in general.

The display screen maker said in a statement it would continue to expand its lead in the OLED TV market.

LG Display is shifting its mainstay liquid crystal display (LCD) business toward next-generation OLED panels, as the LCD panel industry is crowded with Chinese rivals.

The South Korean firm is scheduled to report its second-quarter earnings later Tuesday.

(Reporting by Ju-min Park, additional reporting by Joyce Lee; editing by G Crosse and Stephen Coates)