Samsung to launch phone with ‘foldable OLED’ display this year

Samsung’s first foldable smartphone is “almost ready”, as the company is fully committed to the project. According to a report from The Korean Herald, Samsung showed the Galaxy X to a small group of attendees at a private gathering at CES 2018 last month. Evidently, the company showed both inward folding and outward folding phones during the meeting, with the former designed expected to be adopted first by Samsung. The report claims the bendable phone will have a 7.3-inch foldable OLED screen that can unfold to become a full-fledged tablet.

During the Consumer Electronics Show 2018, Samsung’s chief of the mobile handset business, DJ Koh confirmed that the company’s first foldable phone will launch in 2019. Last year, Koh said that the phone will arrive by the end of 2018. It’s being speculated that Samsung will begin manufacturing its foldable smartphone by November of this year.

During the fourth quarter of 2017, Samsung recorded a total revenue of $61.5 billion with an operating profit of $14.13 billion. That’s a year-on-year increase of 64 per cent. Moving forward, Samsung will launch the Galaxy S9 and Galaxy S9+ flagship phones at the Mobile World Congress. The launch will happen on February 25 in Barcelona, Spain.

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