It seems that Samsung's folding Galaxy phone has finally received a confirmation from CEO DJ Koh.
Samsung CEO DJ Koh confirmed that the company "focused on developing innovations that would be really accepted and liked consumers" for the folding phone, but also that "the company would not lose the world's first title".
Samsung's rival Apple has allegedly been working on a new folding iPhone that can also be revealed in 2020. Bank of America Merrill Lynch has stated that smartphone maker is working with its Asian partners on a folding device that will be able to open up and be used like an iPad board.
It should be noted that this is not the first time as rumors about a collapsible device has occurred online. Earlier, reports suggested that Apple worked with LG Display to build a folding iPhone. Apple has also filed a patent last year where the company suggested creating an iPhone that can open and close as a book.
Also, Samsung and Apple may not be the only two companies working on a folding phone. The world's third largest smartphone maker Huawei is also rumored to work on a folding device that can release this year. According to the Dutch website LetsGoDigital, the patent was filed in September 201
Last October, Huawei CEO Richard Yu stated that the company was working on a prototype unit that needed improvement in the design. According to Yu, the device had two screenshots, and there was still a small gap between those who had to be solved. The report pointed out that the Huawei folding smartphone has a large flexible screen that can be opened and closed in the middle using a folding mechanism.