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Apple’s Rumored Plans To Switch To OLED Technology For iPhone 7 Boosts Universal Display’s Stock By 48%

| Dec 07, 2015 02:54 AM EST

The TV Gallery By John Lewis

Shares of Universal Display Corporation (NASDAQ: OLED) had jumped to 48 percent after rumors spread that Apple would use its OLED screens for its future iPhone models. The Cupertino-based giant currently uses LCD technology for its display.

By shifting to OLED technology, future iPhones would be more flexible and its screen brighter. It would also allow Apple to catch up with Samsung and LG which are into flexible/curved phone technology, which is why Seeking Alpha believes that Apple would soon make the change.

It cites several sources that Apple is said to be creating on Banana iPhones by 2018. Apple officials are reportedly in favor of moving towards organic light-emitting diode screens (OLED).

Meanwhile, Motley Fool, which cites Ming-Chi Kuo of KGI Securities as one of its trusted sources of leaks, says that the next-generation of iPhones, likely to be called iPhone 7 and iPhone 7 Plus, would sport the A10 or new applications processor.

Based on comments from Avago, an Apple supplier, the website believes the next iPhones would have more advanced cellular baseband processors from Qualcomm, specifically the X12 LTE modem which would double peak download speeds and triple upload speeds.

For bezels, Ming-Chi predicts it would be between 6mm and 6.5mm from the current 7.1mm and 7.3mm of the iPhone 6s and 6s Plus, respectively. Screens would likely be 4.7-inch big with a 1920x1080 display which would improve sharpness from the iPhone 6's 1334x750 display. A 5.5-inch model would have a resolution of 2560x1444 which would improve pixel density to 534 pixels per inch from 401.

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