Universal Display Corporation (OLED), LG Display Co Ltd. (ADR) (LPL), Apple Inc. (AAPL): Here’s the Best Derivative Play from Samsung’s Smart Watch

What’s more, as I noted back in May, Universal Display CEO Steve Abramson raised eyebrows when he felt the need to mention during the company’s first-quarter conference call that Apple Inc. (NASDAQ:AAPL) had recently filed a patent for a flexible AMOLED wrist-worn display. This, in turn, further fueled speculation the folks at Cupertino might just have some truly intriguing OLED-centric smart watch form factors up their sleeve.

At the same time, it’s worth noting that on Wednesday QUALCOMM, Inc. (NASDAQ:QCOM) also launched its own “Toq” smart watch. Though Toq’s launch received decidedly less media coverage, it’s also particularly intriguing given the fact it should not only work with nearly any Android smart phone, but also incorporates QUALCOMM, Inc. (NASDAQ:QCOM)’s proprietary Mirasol touchscreen display, which is always on and can apparently be seen clearly even in direct sunlight.

Image source: Qualcomm

Once again, however, remember an overwhelming majority of Android smartphones happen to be made by Samsung, so it looks like Universal Display could also benefit from Qualcomm’s smart watch offering — unless, of course, Mirasol displays find a way to effectively penetrate the market for larger devices.

For now, though, considering no other display technology currently has an imminent way to break Universal Display’s increasing influence on the global display market, I’ll be hanging onto my own shares with an iron fist.

The article Here’s the Best Derivative Play from Samsung’s Smart Watch originally appeared on Fool.com and is written by Steve Symington.

Fool contributor Steve Symington owns shares of Apple and Universal Display. The Motley Fool recommends Apple and Universal Display. The Motley Fool owns shares of Apple, Qualcomm, and Universal Display.

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