Samsung plans on releasing foldable smartphones by 2016

With the Galaxy Note Edge and Galaxy S6 Edge, south Korean phone giant Samsung’s next plan its latest offering of ‘gimmicks’ will be foldable smartphones. The company hit back hard after suffering from a financial drought in 2014, where the company reported an operating profit loss of 60 percent for Q4, 2014. With the release of the Samsung Galaxy S6 lineup, the tech giant put an end to negative criticism, and has now set its sights on the future, which by the look of things, are foldable smartphones.

Currently, Samsung Display and LG Display both hold a 50 percent market share in displays, making the firms the two top leading companies in this particular business. No doubt, both smartphone giants would want to keep their winning streak maintained for as long possible. In order to do that, the firms are going to have to come up with innovative display technology that will provide unprecedented display quality that will woo the consumer instantaneously.

Curved and bent displays is going to be the start of many display technologies to come about in the near future and for Samsung’s next act, foldable smartphones are expected to be next in line. Samsung’s R&D section has been testing foldable display tech for quite some time now, and evidence to this is when the firm showcased its first ever foldable display at the Consumer Electronics Show 2014. An official from Samsung Display has stated that:

“The industry believes that the commercialization of foldable smartphones will be possible in 2016.”

It is expected that the only real competition that Samsung will be facing will be in the form of LG. LG has garnered considerable amount of success in 2014, thanks to the release of its G3 smartphone. The company shipped out approximately 59.6 million smartphone units and it plans to replicate that success with the release of the G4.

While information from various sources have shown that both tech companies are working on rolling out foldable smartphones in the distant future, currently, there is no technical explanation as to how they will set their plan in motion. A smartphone might possess a foldable screen, but how exactly will that allow future smartphone users to bend something as rigid as the handset’s internal components? Answer to these questions and more will most definitely be exhumed when both Samsung and LG draw nearer to releasing their foldable smartphones.

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