Universal Display (OLED) Lower on Reports Apple Looking to Diversify OLED Suppliers

September 30, 2016 10:56 AM EDT

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Universal Display (NASDAQ: OLED) is down 2.9% Friday amid reports Apple (NASDAQ: AAPL) is seeking multiple suppliers for OLED screens for its next-generation iPhone.

Bloomberg reported Apple is in talks with Sharp for OLED screens, in addition to its existing relationship with Universal Display's partner Samsung.

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