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March 19, 2018, 10:47 a.m. EDT

Universal Display stock plunges on report saying Apple is working on its own display screens

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By Emily Bary

Shares of Universal Display Corp. /zigman2/quotes/204221853/composite OLED +5.91% sank 10.5% in Monday morning trading after a Bloomberg report said that Apple Inc /zigman2/quotes/202934861/composite AAPL +0.55% was making its own display screens for the first time. Bloomberg reported that Apple is investing in MicroLED screens, which it said are brighter but harder to produce than the OLED screens that Universal Display makes. Shares of fellow display makers Samsung Electronics Co. Ltd. /zigman2/quotes/209800866/delayed KR:005930 +0.55% and Sharp Corp. /zigman2/quotes/203224600/delayed JP:6753 +0.83% fell 0.8% and 1.7%, respectively. Universal Display's stock is up 30% over the past 12 months, while the S&P 500 has gained 15% in that time.

/zigman2/quotes/204221853/composite
US : U.S.: Nasdaq
$ 157.34
+8.78 +5.91%
Volume: 653,845
June 3, 2020 4:00p
P/E Ratio
51.44
Dividend Yield
0.38%
Market Cap
$7.41 billion
Rev. per Employee
$933,638
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 325.12
+1.78 +0.55%
Volume: 26.12M
June 3, 2020 4:00p
P/E Ratio
25.49
Dividend Yield
1.01%
Market Cap
$1409.18 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
54,800.00
+300.00 +0.55%
Volume: 35.48M
June 4, 2020 2:51p
P/E Ratio
17.49
Dividend Yield
2.58%
Market Cap
₩370200.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,212.00
+10.00 +0.83%
Volume: 1.86M
June 4, 2020 2:51p
P/E Ratio
39.05
Dividend Yield
1.49%
Market Cap
¥734.24 billion
Rev. per Employee
¥50.23M
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