Forget Apple: Universal Display Investors Should Be More Excited About This

Forget Apple: Universal Display Investors Should Be More Excited About This

Earlier this month, Apple (NASDAQ: AAPL) finally confirmed it will bring OLED (organic light-emitting diode) displays to its iPhone line starting with the iPhone X. Though astute investors have anticipated the move for years, this was still seen as a massive coup for the OLED industry considering Apple has favored LCD displays since debuting the original iPhone a decade ago.

As a happy consequence, shares of OLED technologist Universal Display (NASDAQ: OLED) -- which sells OLED materials and licenses its OLED-centric patent portfolio to the world's leading display manufacturers -- surged to a fresh all-time high on the news. All told, Universal Display stock has climbed more than 140% so far in 2017.

But while Apple's growing embrace of OLED technology is a massive win for Universal Display's penetration of the smartphone market, I think investors should be even more excited for the impending ramp of another industry: OLED lighting.

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Source: Fool.com