Apple working with LG on foldable iPhone, claims report

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Apple working with LG on foldable iPhone, claims report

Apple has reportedly started working on a foldable iPhone with LG Display, not Samsung Display - the sole OLED supplier - possibly due to concerns over tech leaks to its archrival Samsung Electronics.

There are rumors that Apple is working on a new display technology with LG display.

First we heard of Samsung's plans to produce a smartphone with a bending, foldable screen, and now it's Apple's turn for a lap of the rumour mill.

On average, analysts expect that Apple will report full year earnings of $8.94 per share for the current year, with EPS estimates ranging from $8.64 to $9.33. These included a tablet that folded into a smartphone and a clamshell-like handset. LG, meanwhile, has reportedly completed its own foldable OLED panel prototype years ago, and is now working to increase durability and the yield rate of the same. It claims that Apple has teamed up with LG Display to develop a foldable iPhone.

Apple is reportedly working with LG Display, a display solutions arm of LG, on a foldable iPhone. According to Korean-sourced report, se new screens will be collapsible.

Interestingly, the report says Apple has chosen to work with LG on the project instead of Samsung.

Developing a phone from Apple takes a minimum of 12 months before the device is officially launched and in order to get production underway, key elements of the device such as the design and hardware will be shared with its manufacturing partners. Other info indicated that the Galaxy X (Samsung's foldable phone) will be manufactured in very limited quantities and be sold in Korean shores only.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The company is now supplying its first batch of its foldable panels to few Chinese handset makers as well as to its parent company. The same can be said for Samsung's own foldable phone as well.

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