Apple and LG Working Together To Develop the First Foldable iPhone

REUTERS/Lucy NicholsonAn Apple store is seen in Los Angeles, California, United States, April 22, 2016.

The current competition in the smartphone market has reached an all-time high, as tech giants have been working hard to gain the attention and support of the consumers. Apple just recently released their iPhone 8 and 8 Plus, with the iPhone X coming soon to stores.

While the team is busy organizing everything for the upcoming release of the iPhone X, it seems that the tech giant is also preoccupied with something else. Recent reports have revealed that Apple might be planning to release a foldable phone as part of their partnership with LG.

According to The Bell, LG Display recently assembled a team to handle the task of developing a foldable OLED screen, while their sister company, LG Innotek has been reportedly figuring out how to develop the rigid-flexible printed circuit board. Considering fans were expecting them to work with Samsung Display, who is the sole supplier of the iPhone X's OLED, rumors speculate that the partnership was dropped due to tech leaks.

It is unclear as to when fans will see and own the first foldable iPhone, but many believe that it will arrive by 2020. On the other hand, Samsung is expected to debut their foldable smartphone version by next year. Reports of Apple's partnership with LG is working to develop the upcoming technology first surfaced last year. Fans say that there is a reason to believe the rumor, as it was legitimate enough to drive their attention away from the iPhone X.

Further reports on Apple and LG's relationship have also revealed that the former may be investing the latter's products. No details were revealed about this, but many are curious to soo as to how these corporate developments will play out, and how it will affect that smartphone competition. In the meantime, fans are reminded that the iPhone X is well on its way, as it is scheduled to be released on Nov. 3.