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Japan Display shares sink as Apple swap to OLED screens

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Japan Display shares sink as Apple swap to OLED screens

Japan Display shares fell on Tuesday morning, after a report that Apple will not be using their screens in their next generation of iPhones.

A new report has suggested that Apple will adopt organic light-emitting diode (OLED) screens for all of its iPhones from 2019, instead of the liquid crystal display screens Japan Display currently supplies them with.

Whilst Japan Display do make a small number of OLED screens, their production capability is well behind that of their competitors. The OLED screens for the iPhone X, which already utilises the technology, are currently supplied by Samsung Electronics.

A report in the South Korean Electronic Times suggested that Apple will replace the old screens with OLED panels made by LG.

Share in Japan Display (TOY:6740) sunk 10 percent on the news, and are currently trading down 7.97 percent at 127JPY (0852GMT).