By BizLED Bureau
Jan 15, 2016: Samsung is planning to launch its first foldable organic light emitting diode (OLED) display smartphone in by the end of this year.
According to HSBC, the south-asian electronics manufacturer is likely to introduce the foldable OLED smartphone in the second half of 2016. Analysts have a prediction that a foldable smartphone will be loved and widely accepted by people.
The idea is based on foldable technology, as Samsung aims merge a phone with tablet or a phablet and creating a smartphone foldable in nature. Samsung already released two foldable OLED prototypes at the end of 2014: one is a 10-inch foldable AMOLED display with 218ppi pixel density and full HD and a 5.5-inch WQXGA screen with 2,048 x 1,526 resolutions and 464ppi pixel density, as per OLED info blog.
As per Business Insider report, Samsung is trying its best to transform its smartphone business and want more market share with its foldable technology. The company see this innovative technology as a unique feature that?s likely to make its products different from other phones in the market. The new technology is expected to enable the company to target a bigger market portion with a great product that works both like a tablet and a smartphone.
With a foldable OLED model, users can experience large screen sizes in smaller frames. It is predicted that the roll out of foldable smartphones will bring impetus to the entire OLED panel supply chain business, thus bringing more profits to panel manufacturers and panel suppliers.
As per reports from Information Handling Services (IHS) Technology, the flexible display market is likely to grow quickly in the future. Per latest predictions, the flexible display OLED products will tap in close to 15 percent of the total flat panel display market. This will result flexible display market value to grow exponentially with an estimated US$23 billion in 2024.