On February 20, Samsung unveiled its long-awaited foldable device, called the Galaxy Fold. Priced at $1,980, the foldable phone is certainly a step above current flagships like the Samsung Galaxy S10 and iPhone XS.
The Galaxy Fold is expected to launch on April 26. It features a large 7.3‑inch AMOLED display that can run up to three apps simultaneously.
Following Samsung, Apple expected to bring a foldable iPhone to the market, although there is no chance of this happening immediately.
And if Apple continues to delay the creation and launch of a folding device, it will face major problems, as soon it will not be able to compete with Samsung, according to Rod Hall and the analyst team at Goldman Sachs.
A recent publication of theirs reports that the Galaxy Fold is the biggest competitor of Apple.
What Goldman considers a possible point of concern is that Samsung didn't even let the media get close to its new fancy smartphone. In the event that the Fold achieves great success, other device manufacturers will start creating and circulating similar technology, and then it will be harder for Apple to acquire such screen technology.
This happens because at the moment Apple depends heavily on Samsung, as it supplies it with OLED screens for the iPhone. But the company is realizing this now and for that reason is looking for alternative solutions at LG.
