The global smartphone market could receive about 19 new folding phones by 2020 and this will be Apple’s fault. According to a report released by South Korean media, the Cupertino company was directly responsible for the “oversupply” of OLED displays.
That’s why Samsung, Huawei, Xiaomi, Oppo, Vivo, Lenovo, TCL, and even Google are interested in buying this surplus of displays to produce their own folding smartphones. According to DSCC analysts, this list of manufacturers tends to increase by the end of the year.
All because Apple ordered a lot of flexible OLED displays for their iPhones, but sales of the handsets dropped. As a result, Cupertino’s company had to pay Samsung a fine for not buying all of its promised capacity.
To get an idea of the size of the problem, the supply of flexible OLED displays is 52% above demand. This is forcing Samsung to lower its retail prices, something that should make it easier for even manufacturers who had no intention of investing in the technology.
Industry sources point out that this “overproduction” should continue until 2021, as new companies – BOE, LG, Visionx and China Star – should expand their production capacity. So chances are 2020 will be considered the year of folding smartphones.
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Remember that the expectation is that this year will be launched the revamped Galaxy Fold, Huawei Mate X and even the Motorola RAZR 2019. Already 2020 should mark Google’s entry into this market, and the industry looks forward to an Apple solution.
Kamran Haider is a new star at Techwikies, You will be reading his work a lot in our News Section. He is one of those people you can call Jack of all Trades. You can find Him on social media by using the links given below.
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