Apple will bring Olead screen to the new iPhone

After publishing the report, the share price of the Japan display dropped by 10 percent, One of the main companies of the iPhone LCD display provider is Japan Display. From the direction of Oleed Screen production, the company is lagging behind South Korean competitor LG Display. Compared to the LG Display's share price - News Reuters

According to several sources, the Electronic Times report on Monday said that Apple plans to launch the new iPhone model and the 'organic light-emitting diode' panel can be kept in three models.

On Tuesday morning, the price of the Japanese display dropped 10 percent. The company's market value stood at $ 96.5 million. At one point, the share price decreased by 21 percent, the report said.

Since 2019, there is a plan to produce large-scale Olead panels for smartphones in the Japan display. The company is looking at the investor to launch the new production line.

Japan's chief market analyst Masayuki Utani said, "The Japanese government will have to give Japan display time, but they are moving very slow to catch South Korean rivals in the production of Olead."

Reuters reported that he was contacted by a representative of Apple's South Korean office to find out about it. Another spokesperson for the Japan Display did not want to comment.