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110 shares, 150 points

The next innovation in smartphones seems to be the foldable phones and the US tech giant, Apple is finally jumping on the wagon.

According to analysts from Bank of America Merrill Lynch, Apple is working with its Asian partners to create a foldable iPhone, reports CNBC.

After meeting several suppliers in Asia, Senior analyst Wamsi Mohan told clients, “We expect the iPhones this fall to be largely unchanged for the OLED versions although size changes have proved to be a catalyst in the past.”

He also wrote, “Our checks also suggest that Apple is working with suppliers on a foldable phone (that potentially could double up as a tablet) for launch in 2020.”

Samsung and Lenovo have already showcased concept devices with foldable screens while many other companies have filed for patents but till now no such device has been produced for the general masses.

At the end of last year, another report revealed that there is a chance that the new foldable devices will take around 20% of the entire market share in 2019.

The analysts speculate that the foldable iPhone may be able to open up and be used like Apple’s iPad. If Apple is interested in creating a foldable iPhone then many people who still look at the technology with just curiosity may start taking the new innovation seriously.

Last year in October, the Korean media outlet revealed that LG and Apple are banding together for foldable OLED panels that could start production in 2020. Interestingly, the new report also says that the foldable iPhone will make its debut in 2020.


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