The Internet has been abuzz with reports that iPhone 8 could have bendable screen and that Samsung it looking to launch a foldable smartphone as early as Q3 of 2017, a new report has emerged that claims that Samsung itself isn’t expecting foldable smartphones to be commercialised until 2019.
The latest report comes from South Korea that cites Samsung Display’s principal engineer Kim Tae-woong who says that the company isn’t likely to commercialize foldable smartphone technology until 2019. He was speaking at an event called Display TechSalon in Seoul where he said that Samsung is already making enough money through bezel-free display because of which it is highly unlikely that the company will launch foldable smartphone in near future.
According to Tae-woong, the technology is still not mature and foldable smartphone still needs to overcome some technical obstacles. The technology is expected to be mature around 2019 says the principal engineer and that’s when Samsung will commercialize the product.
Chung Won-seok, an analyst at HI Investment and Securities, clarified that the South Korean company doesn’t need to commercialise foldable smartphones as it is already enjoying 20 percent of the operating profits with the bezel-less display, as per the report. “When the demand for bezel-free handsets slows down, Samsung will unveil the foldable display as the next card,” he reportedly said.
Notably, Samsung Display said that single foldable phones are expected to be unveiled before multi-foldable (both sides) phones will be introduced, The Korea Herald points out.
Samsung’s foldable smartphone is currently expected to be named Galaxy X. Last month, a trademark in the same name was spotted by a Twitter user who posted the screenshot of the document showing the name while another image included a Galaxy X branding promo.