Samsung rumored to release a foldable smartphone next year

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We first reported about
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, the codename for Samsung’s first dual-screen (and possibly, a foldable) smartphone,
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. Hot on the heels of its success with the
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, the South Korean smartphone giant might release its first foldable smartphone early next year.

According to a new report from ETNews, Samsung has been working on a foldable smartphone since three years. It is being reported that it could transform into a 5-inch smartphone when folded or a 7-inch tablet when opened. The company has partnered with local as well as foreign firms and acquired most of the technologies that are required to make such a product.

The foldable smartphone is said to feature an OLED display that could be folded in half like a wallet, so it would be easier to carry the device in a pocket. Samsung Display, which is in charge of developing the foldable OLED display, is said to have already finished with the development of a prototype.

Samsung Display director Lee Chang-hoon said, “the development of foldable OLED is taking place according to our plan. We are planning on mass-production and release of this product by discussing with our partners.

Apart from the display, the company has a few other pending tasks to complete before it could start mass manufacturing the device. As we reported last year, the
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, and it could bear a model number
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.

Also read:
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Samsung has
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for various technologies that point towards its
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. Experts believe that foldable smartphones could bring a momentum in the otherwise slowing smartphone market. On the other hand, LG is moving towards the concept of modular smartphones starting with this year’s LG G5.

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