The stock of Apple Inc (NASDAQ:AAPL) closed at $173.07 losing 0.59% in yesterday’s trading session. Apple has moved ahead to file an application with the U.S Patent & Trade Office for a bendable electronic device with a flexible display.
Rumors have already started circulating with quite a large number of people purporting that the tech giant might be planning to come up with a foldable iPhone. If all moves according to plan, the company will be able to rise through the ranks to pose fierce competition to Samsung Electronics.
Apple is looking forward to use the technology on any kind of electronic device with a display, such as “a laptop computer, a tablet computer, a cellular telephone, a wristwatch, or other electronic device.”
The patent request pointed out to a screen with a touch sensor, which features an easy to bend optically clear adhesive. It is projected that the new technology will potentially be used as a two-sided display. This means that it will be more sophisticated as compared to the flip phones that came to fame a few decades back.
There have been speculations that rival smartphone makers are planning to follow suit in coming up with similar devices. Apple has always been at the frontline when it comes to leveraging on the latest technological advancements and at the moment it is set to introduce foldable technology to its product arsenal.
Nokia Oyj (ADR) (NYSE:NOK) has disclosed that it has received a patent from the U.S. Patent and Trademark Office which implies that it can proceed to come up with a smartphone that can be folded. It is expected to look something pretty similar to a pocket mirror.
There have also been other rumors that Samsung is at the moment considering to by next year release a Galaxy X handset that folds out into a full-size tablet.
An official working with the company opined, “Samsung has reportedly been experimenting with foldable smartphones since 2011, but has so far refrained from taking the ideas to the production stage due to various manufacturing issues.
Foldable phone enthusiasts are hoping that Apple will soon give them a pleasant surprise.