Japan Display’s shares tumble following reports of Apple shifting to OLED panels

On Wednesday, following media reports of Apple shifting to OLED screens for its forthcoming 5G iPhones, shares of Apple supplier Japan Display Inc tumbled by 6%.

Japan Display is Apple’s main supplier of liquid crystal display (LCD) panels for iPhones. The company generates almost 60% of its revenue from Apple Inc.

According to a news bulletin from Japan’s Nikkei business daily, Apple plans on launching at least four 5G iPhones with three different screen sizes with the OLED (organic light-emitting diode) screens later this year.

Japan Display declined comment.

OLED displays are typically thinner and allow more flexibility than LCD screens.

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