Apple also quietly patented a foldable iPhone concept, filing on August 28, previous year - detailing a device which uses "carbon nanotubes" to allow the screen to fold while still working. In the case of the foldable iPhone, it seems that LG will take the place of the South Korean giant.
Korean site The Investor reports that LG Display is developing a foldable OLED screen for the new model, which could be in production by 2020. The iPhone X, like many others in the market, is an all-screen, no-home button, notch-wielding device with dual cameras and wireless charging. Well, a couple of things, one of them being the display. Samsung's monopoly in producing iPhone parts has likely prompted Apple to explore possible cooperation with other suppliers like Sharp and Japan Display.
This is exactly what the Cupertino, California-based tech firm is trying to prevent from occurring in the future again.
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The company was maintained on Wednesday, July 26 by RBC Capital Markets. (NYSE:JPM) on Monday, October 9 with "Buy" rating. The company expects adjusted earnings $0.08-$0.10 per share versus the sell-side consensus estimate of $0.19.
LG recently started its first OLED production for phones at its E5 plant in Gumi, North Gyeongsang Province, as per a CNN News18 report.
Production of the foldable displays could start as soon as 2020, according to The Bell. However, we also heard this year that Samsung's foldable Galaxy X would launch before the Galaxy Note 8, and obviously that didn't happen, which calls into question the expectation for a foldable phone next year. Samsung is the current manufacturer of OLED panels for the Apple iPhone X.
A display which folds completely in half could see a new generation of smartphones which fold open to the size of small tablets, although it is yet to be seen if such a mechanism would be compact and attractive enough for Apple's notoriously high standards. The same can be said for Samsung's own foldable phone as well.