Universal Display's Latest Long-Term Agreement Is Proof OLED Isn't Going Anywhere

For the better part of the past two decades, skeptical display-industry watchers have trumpeted the downfall of organic LED (OLED) technology. OLED displays and lighting are now being used in billions of devices, from smartphones to laptops, cameras, TVs, and even vehicles.

Make no mistake: The day will eventually arrive when some superior technology usurps OLED, whether it's microLED, QLED, or some other incredible hybrid display. In the meantime, many investors have worried over the years that display makers could even produce their own OLED materials, replacing key phosphorescent OLED (PHOLED) materials supplier Universal Display (NASDAQ: OLED) in the process -- never mind that Universal Display's product portfolio is backed by over 6,000 issued and pending OLED patents. Still, if either of these scenarios unfold, perhaps then I'd be forced to sell the shares of Universal Display which I first bought in an IRA in 2010.

But if Universal Display's newest long-term agreement with China's BOE Technology Group is any indication, that day won't come anytime soon.

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Source Fool.com