Apple decides to use OLED screens in all three new iPhone models

Cash-strapped Japan Display plans to start mass-producing OLED panels for smartphones only from 2019

The Apple has decided to use OLED screens in all three new iPhone models planned for next year, according to South Korea's Electronic Times - a report that sent shares in Japan Display tumbling 10 per-cent.

Japan Display, one of the main suppliers of iPhone liquid crystal display (LCD) screens, has lagged its South Korean rivals in OLED production. By contrast, shares in LG Display surged.

Apple recently started planning new iPhone models and decided all three models would have organic light-emitting diode panels, the report said on Monday, citing multiple unnamed industry sources.

A representative at Apple's South Korea