Apple stock: Shares of AAPL close at new all-time high

Yolanda Curtis
February 15, 2017

Apple (AAPL) stock hit a record high on Tuesday following reports that the company has signed a deal with Samsung to get OLED displays for its upcoming iPhone 8. The next-generation iPhone lineup will include a 4.7-inch model, a 5.5-inch model and a high-end 5.8-inch model, according to the DigiTimes. The company declined to comment when questioned about the order from Apple.

Previously, industry sources predicted that the new iPhone will come in two to three variants, with the only premium model featuring an OLED screen. While this alone is unlikely to add to a significant price increase, a new report says the next iPhone could cost more than $1000 due to the hardware upgrades. Meanwhile, Apple's rival Samsung has already been applying OLED displays in a lot of the company's products. The publication claims through it sources that Samsung is said to be making 160 million OLED display panels for iPhone models this year - which is 80 percent of Apple's total iPhone shipments in 2016 when it shipped 200 million units. LG, another manufacturer of OLED displays, has also recently committed to ramping up production of the screens, aiming to shoulder Apple's OLED needs in the future. However, by taking the considerations that coupled with previous rumours, iPhone 8 will have virtually no bezels.

In fact, this technology allows Apple to no longer require having to use a special sensor for reading the fingerprint, with advantages both in terms of space and design.

Kuo teased that the OLED-based 4.7-inch iPhone 8 should have better battery life numbers than the bigger 5.5-inch iPhone 7 Plus, as OLED panels are more power efficient.

The expensive pricing is apparently meant to cover for the major overhaul design of the iPhone 8 working with Lumentum on creating 3D-sensing technology design, which could be used for user's face authentication on the smartphone. Ming-Chi also posted the following image of how Apple is expected to achieve this feat.

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