The report released on Thursday said Apple is planning on its new iPhone, possibly called the iPhone 8, to feature a major structure redesign with component upgrades including an OLED screen. The other two models will be successors to the 4.7-inch iPhone 7 and 5.5-inch iPhone 7 Plus with LCD displays, according to KGI Securities' Ming-Chi Kuo, who has predicted several Apple hardware details with startling accuracy.
The display change would be a substantial breakaway for Apple, which has traditionally used LCD displays for its current iPhones. Apple's smartphone rival Samsung already features OLED displays on some of its premium devices. OLED panels are said to be thinner and offer more vibrant colors than LCD.
The report also said the new OLED iPhone might feature a "bezel-less" front design and the home button will be integrated into the display. The screen panels could also extend around the sides.
A separate report from the Nikkei Asian Review on Thursday said Apple might one day soon move production of its iPhone to the U.S. Nikkei, citing a source, said President-elect Donald Trump might push the tech giant to make some iPhone components in the U.S.
CNBC has reached out to Apple for comment about the two reports.