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Apple has ordered 70m units of OLED panels: sources

New iPhone 8 models will be waterproof and can be charged wirelessly

TAIPEI -- Apple has placed orders for bendable organic light-emitting diode (OLED) panels with Samsung Electronics for use in 70 million handsets this year, sources told Nikkei Asian Review. The large order suggests that Apple expects its new premium iPhone 8 to be launched late 2017 to fly off the shelves.

A supply chain source familiar with iPhone designs revealed the size of the order, which was in line with an estimate by David Hsieh, senior director at research company IHS Markit. It will be the first time Apple adopts a curved OLED screen for its iPhones, marking a major overhaul and generating high expectations for the model.

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