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What: Shares of Universal Display
So what: While there's no official news from either end, a recent patent application from Cupertino is what's sparked this recent bout of hope among Universal Display investors. The patent is titled "Power Efficient Organic Light Emitting Diode Display," and outlines methods to improve battery life.
Now what: One of the main reasons the technology hasn't been in iPhones has always been OLED shortages, which would make it tough to fill Apple's tall orders. As one of the largest holders of intellectual property surrounding OLED technology, Universal Display would be ecstatic if Apple opted to use OLED alongside Samsung. While OLEDs are unlikely to make it into iPhones anytime soon, if at all, the patent application provides evidence that Apple is considering it down the road.
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Fool contributor Evan Niu owns shares of Apple, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Universal Display and Apple. Motley Fool newsletter services have recommended creating a bull call spread position in 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.