Japan Apple Suppliers Fall on Report IPhone to Use OLEDs
- The shift is a negative for the makers of LCD screens
- Apple to hold talks with suppliers next year, Nikkei reports
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Minebea Co. led declines by Japanese suppliers of components for the iPhone after a report said Apple Inc. will shift to organic light-emitting diode screens from 2018.
Shares of Minebea, which supplies backlights for liquid crystal displays currently in use, plunged 7.5 percent in Tokyo trading, the biggest drop since May 2013. Japan Display Inc. fell 7.5 percent, while film maker Nitto Denko Corp. dropped 4.9 percent.