Apple said to have chosen OLED for new iPhones; Japan Display shares plunge

Tokyo/Seoul (News Service) – Apple Inc. has announced the use of OLED screens in all new devices planned to be launched next year. As per an article in South Korea’s Electronic Time-a report reads out the Japan display collapse down to 10 percent.

iPhone liquid crystal displayed in manufactured in Japan making it one of the prime suppliers of LCD screens. The company has failed to keep up with its South Korean foes in the field of OLED production.

On Monday a report said that the smartphone manufacturer Apple Inc. is planning the launch of new iPhone models and all the models would pack organic light-emitting diode panels.

“The Japanese government will continue to provide a lifeline to Japan Display, but the company has been just so slow in catching up with South Korean rivals in OLED,”- said the chief market analyst Masayuki Otani.

In 2012 it was formed coalesce of the display businesses of Toshiba Corp, Hitachi Ltd, and Sony Corp.

A representative from the South Korean office of Apple was unavailable for the comment. However, a spokesman from the Japan Display declined to any remarks.

By the end of Tuesday, the stock markets experienced a fall by 10 percent. This somehow made way for a market value of 105 billion yen ($965 million).

The fall led Japan to announce for the mass production of OLED panels for Apple devices from the next year. The company is in pursuit of investors who would finance the launch of a new production line.

“If Apple uses OLED for all models for next year, that could raise hopes for LG Display to take a slice, as Apple may want to diversify its sources for OLED supply,”- said an analyst at Shinyoung Securities in Seoul.

by TNBC Staff Reporter on May 29, 2018

Related Articles