Universal Display announced its financial results for Q2 2016. Revenues reached $64.4 million (an increase of $10.8 over Q2 2015) and net income was $21.8 million. This quarter includes a $33.7 million license payment from Samsung Display. UDC results disappointed investors which expected higher revenue and earnings.

Operating cash flow in the quarter was $36.2 million and the company's cash and equivalents at the end of the quarter were $332 million (down from $395 million in the end of Q1 2016, following the $96 million BASF IP acquisition and the $36 million Adesis acquisition).

IHS performed a tear down of the Oculus Rift consumer edition VR headset. IHS says that the component cost is $200 (the price of the headset is $600). The most expensive component is the displays - the dual 3.1" 1200x1080 VR AMOLED displays cost $69 together.

Those displays are optimized for VR applications - with a higher refresh rate than the AMOLED displays used in mobile phones (90Hz). The same displays are also used in the HTV Vive and the OSVR HMD.