Now what: I've already written at length on the seeming inevitability of Apple's impending shift to OLED, most recently including reports it struck a deal with leading OLED display producer -- and Universal Display's single largest customer -- Samsung Display, under which the South Korean company will supply 100 million 5.5-inch OLED smartphone displays annually to the folks in Cupertino.
Despite technically falling short of Wall Street's revenue expectations with its first-quarter 2016 results earlier this month, Universal Display management highlighted a tremendous amount of activity and financial resources being poured into the OLED industry in these early stages of growth, as an increasing number of manufacturers reveal plans to develop and bolster manufacturing for OLED smartphones, tablets, lighting solutions, and televisions over the next several years.
So even with shares of Universal Display stock trading near all-time highs as of this writing, I remain convinced it has plenty of room to run higher as its flagship OLED technology becomes more ubiquitous by the day.
Steve Symington owns shares of Apple and Universal Display. The Motley Fool owns shares of and recommends Apple and Universal Display. The Motley Fool has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple. 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.