It’s been a good few years since we held the iconic flip phone. Well now, something similar, and probably just as legendary is about to hit the markets – Samsung’s folding phone. This smartphone, dubbed the ‘Galaxy X’, is said to be released in December 2018, and will feature a foldable OLED display, flexible characteristics, as well as cutting-edge technology. The announcement made by Samsung’s head of mobile, DJ Koh, may have ignited a spark in investors, who would be eager to capitalise on the high-end limited-edition phone.
Samsung aren’t the only tech giants jumping on the folding phone bandwagon. LG are also said to be releasing a similar unique product with a flexible OLED display. It’s believed the firm has invested a budget of $13.5 billion up to 2020 on this. In fact, both Samsung and LG have already unleashed products of this nature, like the LG Flex and Samsung Galaxy edge.
According to Ron Mertens of industry news and consultancy firm OLED-Info, the fist prototypes for this product have been presented in private CES meetings and mass production was set for November. It’s said to be a limited edition, just like the company’s Galaxy Round a few years back. Apparently, Samsung have been building upon this kind of product since 2011. Subsequently, these efforts came with the release of the Galaxy Round (2013) and the Galaxy Edge (2015). The anticipation for this foldable phone is therefore high, with several techies and investors excited to see what it will bring.
The Galaxy X is said to have an endless amount of benefits. Foldable phones mean flexible screens, which will by default, be more resilient than the fragile touchscreen displays used on existing smartphones today. They will be strong enough to endure pressure and in terms of convenience, they will be lighter and more flexible to fit in pockets. This flexible phone is expected to be cheaper than modern-day smartphones thanks to its use of plastic and printable technology for its screens. According to Ian Whatley, design director at seymourpowell, these “truly flexible, durable screens that don’t break when they’re dropped or bashed would be reason enough for a revolution.”
Although the folding smartphone does indeed present some challenges such as its materials, it’s safe to say that investors will still have their eyes set on this product. There will only be one million of these phones produced, making it a limited-edition asset. These kinds of items usually present investment opportunities, especially when their worth is set to increase exponentially. Capitalising on products like these would be a smart investment, and potentially a long-term investment, too. The rarer an asset is, the higher its demand becomes. When demand increases, so will its value, and this is why investors are expected to dive in like hawks on the Galaxy X upon its release. It’s going to sell like quicksilver and we can certainly see plenty of investors waiting in line for this product when it hits the market next month…