Samsung highly rumored foldable smartphone could hit the market next year, as the South Korean electronics giant ia acquiring related technologies needed and plans to mass-produce foldable displays by end of this year. The new concept product could be hybrid one: a 5-inch smartphone, which becomes a 7-inch tablet once expanded. Folding the 7-inch OLED display in half results to a 5-inch device, similar to a current Smartphone.

Based on Foldable Display, Samsung Electronics is planning to finish developing Foldable Smartphone. Because it still has few other tasks to complete, release of actual Foldable Smartphone is going to take place after next year.

However, mass production of the actual working device could take a couple of years, since having a reliable foldable display is not enough in order to make a foldable phone structure.

"Development of Foldable OLED is taking place according to our plan." said Director Lee Chang-hoon of Samsung Display at performance conference call that took place in January. "We are planning on mass-production and release of this product by discussing with our partners."