the difference between OLED and LED

Everything. They might sound alike, but the processes are completely different. OLED stands for Organic Light-Emitting Diode, with 'organic' referring to the carbon film that's sat between two conductors. OLED panels emit their own light when an electric current is passed through, whereas cells in a LCD display are transmissive - they require an external light source for brightness.

Until now there's been a question mark about longevity of OLED panels, while production lines have been impossible to make profitable due to high failure rates. Clearly, that's all about to change.
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