Universal Display's Stock Is Surging: Here Is Why

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Shares of
Universal Display CorporationOLED
surged higher by more than 6 percent Wednesday after reports surfaced that
Apple Inc.AAPL
plans on using organic light emitting diode (OLED) screens in its future iPhones. Universal Display is a developer of organic light emitting diode technologies.
Apple Insider, citing Electronic Times, reported that Apple is close to reaching a supply agreement with the display arms of Samsung and LG - both of which have experience with flexible OLED panels. Engadget also reported that Apple only plans on using OLED screens in a future iPhone that is scheduled for only 2018.
Posted In: NewsRumorsApple InsideriPhoneOLEDOrganic Light Emitting Diodeuniversal display
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