iPhone Display Makers Dip on Report of 2019 Apple OLED Shift

Analysts are pouring cold water on a report that Apple Inc. plans to use next-generation, OLED screens for all of its new iPhone models next year. The article in South Korea’s Electronic Times, if true, would be negative for major manufacturers like Japan Display Inc. and Sharp Corp., which build LCDs that are used in many phones, but a positive for OLED technology makers like Universal Display Corp. Japan Display shares fell as much as 21 percent, the biggest intraday drop since its 2014 market debut. Representatives for Apple, JDI and Sharp declined to comment.