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In what could be a boon for makers of protective smartphone cases, next year’s iPhone is rumored to feature an all-glass design. In a report, KGI Securities analyst Ming-Chi Kuo said Apple ( AAPL ) will switch from its aluminum casing to an all-glass enclosure with an AMOLED screen for the iPhone in 2017, 9to5Mac reported Sunday . Current iPhones use a liquid crystal display (LCD) screen. AMOLED, short for active-matrix organic light-emitting diode, allows for thinner, more power-efficient displays with richer colors. Kuo believes Apple is switching to the glass enclosure to give the iPhone a fresh new look. The upcoming iPhone 7, due out in September, reportedly will sport a look similar to the current iPhone 6S series. But the iPhone 7 will eliminate the home button and standard headphone jack in favor of newer technologies, according to media reports. Also, a high-end version of the iPhone 7 likely will come with a dual-camera system. Last week, Apple reportedly reached a $2.6 billion agreement with Samsung to supply OLED panels for iPhone displays starting in 2017. The pact calls for Samsung to supply 100 million 5.5-inch OLED displays, 9to5Mac said. Universal Display ( OLED ), a provider of OLED materials and technology, spiked to five-year high on Monday. Shares of the corporation, aka UDC, were up 6.5% in afternoon trading on the stock market today . In intraday trading, UDC hit 61.90. It reached an all-time high of 63.58 in April 2011. Universal Display holds an IBD Composite Rating of 98 out of a possible 99. Apple was down 2.3% to above 107 in afternoon trading. IBD’s Take: How does Apple stock rate? Objective analysis at IBD Stock Checkup RELATED: Apple Slices Below 200-Day On iPhone Production Cuts Report How Much Will Apple Increase Its Dividend, Stock Buybacks? Apple iPhone Sales Could Fall For 3 Straight Quarters, Analyst Says Scalper1 News
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