Will Apple's new iPhone kick-start a moribund mobile phone market?

Apple is expected to unveil the tenth-anniversary special edition iPhone aka iPhone 8 along with iPhone 7s and iPhone 7s Plus.

The report said that Chinese brands like Huawei, Oppo, Vivo and Xiaomi have managed to gain access to key supply chain partners, allowing them to launch new bezel-less devices with more enhanced features to effectively challenge rivals. One of the key reasons for this maybe the OLED display. As Samsung is known to make the best smartphone OLED displays in the world, it makes sense Apple would stick to them.

In a note sent to investors and obtained by AppleInsider, noted Apple forecaster Ming Chi Kuo says the Cupertino-based smartphone maker has an "urgent need" to find a second OLED panel supplier. The three versions will include the flagship phone and two iPhone 8s - the iPhone 8 Plus and the iPhone 8. For all that, Apple is expected to ask more than $1,000 for the new handset, making it by far the most expensive ever. Apple has reportedly injected over $2 billion in LG Display to manufacture OLED panels for future iPhones. This standalone product can give Apple an edge in the wearable segment. Samsung is providing some parts itself, including an OLED panel and OLED touch panel. But we would like to also add that since there is no official word from the company we are speculating other possibilities as well if Apple deviates from the normal pattern.

You might ask yourself why we believe the new smartphone will have a different name.

Apple is also totally dependent on Samsung to make the screen, the KGI Securities analyst said.

Sources said Samsung Electronics Co. and SK hynix Inc., which accounted for 35.7 percent and 11.4 percent of the first-quarter global NAND flash market, respectively, are responsible for supplying significant components to the iPhone. Apple are holding their press event next Tuesday the 12th of September at their new Steve Jobs Theater in their new Apple Campus.