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. Additionally, January is traditionally a slow period for panel shipments, added the observers. 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.
LG is still estimated to be shipping 3.5-4 million panels for the iPad mini.
Although, the next generation iPad was widely expected in the fall, cases allegedly for the iPad 5 have begun surfacing online. This typically happens a few months before a new device is released.