Apple advertises it as being able to display millions of colors despite the fact that it really only displays 262,144.
A 6-bit display is capable of displaying more than 6 bits of color information, using a technique named temporal dithering. For an example, open this image on a 6-bit display: < http://imgur.com/BeVicl.png >. If the display could only display 262k colors, the squares would look identical.