Universal Display Rides ‘Apple Effect’ to Top Tech Index Return
- IPhone X has generated excitement about broader OLED adoption
- Investors see expansion in television, automobile markets
Apple Announces the $999 iPhone X
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Different colors flicker from screens using Universal Display Corp.’s technology. The one investors see is green.
Its shares have more than doubled this year, adding $3.4 billion in market value, as adoption of organic light-emitting diode, or OLED, technology in Apple Inc.’s iPhone X raised hopes for widespread use. OLED is an alternative to the liquid crystal displays that are critical components in everything from televisions to smart watches.