If you were intrigued by the commercial launch of Samsung's first curved OLED television in August, you're gonna love this.
On Wednesday, the South Korean electronics giant officially unveiled the Galaxy Round, the world's first commercially available smartphone to boast a curved AMOLED display.
The Galaxy Round sports a massive 5.7-inch display, is 7.9 millimeters thick, and weighs about 5.4 ounces. For reference, that's just a smidge heavier than the 4.7-ounce Galaxy S4, which has a flat 5-inch AMOLED display.
So what else, exactly, does the new curved phone offer, apart from its novel aesthetic?
Well, in addition to a "comfortable hand grip feeling to the user" (in Samsung's words), the device also incorporates a few nifty features revolving around its unique display, including what they're calling the "Roll Effect" allowing users to check information when the home screen is powered off by rolling the device towards themselves.
In case you're having trouble picturing it, the folks at Samsung's official blog were kind enough to post a quick demo video yesterday, which already has more than a million views as of this writing:
In addition, users will apparently be able to cycle through their music (even when the screen's off), and scroll through pictures with a short right or left tilt of the device.
If you thought the latest iPhones were expensive...
Is that really so much more convenient than a simple swipe of today's traditional touch screens that people will flock en masse to the Galaxy Round?
Probably not, especially considering SK Telecom (NYSE:SKM) will begin offering the device tomorrow for a sky-high retail price of around $1,000. Call me crazy, but Apple's decision to sell the 64 GB version of its iPhone 5s for an unsubsidized price of $849 suddenly looks a whole lot more reasonable.
But the Galaxy Round definitely has a certain novelty factor which you can bet many users will appreciate, and as of now Samsung has said it'll be exclusively available at SK Telecom, which is already South Korea's largest wireless carrier.
Of course, that's probably the byproduct of supply constraints, considering Samsung's efforts to mass-produce flexible OLEDs are still in very early stages; over the short term, however, it should serve as a significant advantage for SK Telecom over its smaller South Korean rivals, LG Telecom and Korea Telecom Freetel.
What's more, assuming Samsung can continue driving efficiency improvements in its flexible OLED manufacturing processes, don't be surprised if it drops the price of the Galaxy Round in the near future, just as it did with its large-screen curved OLED televisions in early August.
This is only the beginning
Before you go rolling your eyes, it's worth noting -- and I've written many times before -- that we're only at the start of a multiyear revolution in electronic displays driven by OLED technology.
Consider LG Display's efforts, for example. In addition to launching their own large-screen OLED televisions earlier this year, LG Display announced on Monday it would soon begin mass production of its own flexible OLED display lines, with plans to begin selling new smartphones with "enhanced performance and differentiated designs" beginning in 2014.
And though you may be questioning the utility of Samsung's high-priced Galaxy Round now, you can bet the technology will only continue to evolve from here. After all, OLED displays can not only be made flexible, but also can be built to be semi-transparent and nearly indestructible -- two key advantages with decidedly more useful implications. It'll undoubtedly take some time to hammer out the manufacturing nuances involved with building such displays, but I'm convinced it will happen eventually.
Here's where to invest
If you're looking for the best way to benefit from this trend no matter whose OLED-centric devices prove the most popular, look no further than OLED specialist Universal Display Corporation (NASDAQ:OLED).
Universal Display, for its part, has a virtual stranglehold on the OLED industry and earns revenue not only from licensing its intellectual property to businesses like Samsung and LG, but also from supplying a significant chunk of the materials necessary for electronics manufacturers to build OLED displays in the first place.
It's worth noting that Universal Display stock has endured a sustained campaign recently carried out by noted short-sellers who dispute the depth of its patent portfolio. However, I've already gone out on a limb to state that I'm not convinced the company's moat can be so easily traversed. Even so, these sorts of patent concerns remain a risk long-term investors in Universal Display can't afford to completely ignore.
In the end, though, as long as Universal Display's competitive position remains intact and OLED technology continues to advance on a commercial level, I'll be hanging onto my own shares with an iron fist.
Fool contributor Steve Symington owns shares of Apple and Universal Display. The Motley Fool recommends Apple and Universal Display. The Motley Fool owns shares of Apple and Universal Display. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.