“LG Display’s panel shipments for the 9.7-inch iPad dropped to 600,000 units in January 2012, down from six million units in the previous month, according to industry sources,” Rebecca Kuo and Alex Wolfgram report for DigiTimes.

“The sources said the drop is largely due to the growing popularity of the iPad mini as well as to increasing demand for low-priced tablets,” Kuo and Wolfgram report. “Additionally, January is traditionally a slow period for panel shipments, added the observers.”

Kuo and Wolfgram report, “The 90% on-month drop was a major contributing factor to LG Display’s overall performance in January, but the company is expected to see a rebound in its panel shipments for the 9.7-inch iPad during the second quarter due to an expected release of Apple’s next-generation iPad in the third quarter, the sources noted.”

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