Apple Is Planning a Big iPhone Upgrade

The iPhone launching next year will come with a notable upgrade, according to a new report.

Applied Materials is among the handful of companies planning to build organic light-emitting diodes for the iPhone that will launch in 2017, Bloomberg is reporting, citing an interview with Applied CEO Gary Dickerson. He added that sales for the OLED division at Applied reached $700 million in the second quarter, nearly equaling what it gets for an entire year.