International 
. As reported by the Reuters news agency, the screen manufacturer LG Display has decided to cut investment spending by a third by 2012. According to the company, the demand for televisions, its main source of income, has been reduced because of the supply of mobile devices such as iPads or smartphones.
"LCD makers will maintain a conservative investment plan for 2012 and LG will likely cut spending again, while visibility is very low due to weak demand, especially in Europe and the United States," John Soh, an analyst at Shinhan Investment & Securities, told the news agency.
The cut in expenses is in addition to the announcement made by LG Electronics of a 20% cut in its annual tv sales forecasts for 2011. "We are following the economic outlook of the United States and much of Europe, which have not recovered as quickly as expected," LG said in a statement.
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