OLED (Organic Light-Emitting Diode) - definition
A display technology that consists of small dots of organic polymer which emit light when charged with electricity.
OLED displays have several advantages over the LCDs. They are thinner, lighter, brighter, need less power, have better viewing angles, contrast and response time for video and animation. OLEDs are also cheaper and easier to manufacture.
On the other hand, LCDs offer better legibility in bright ambient light.