Samsung is one of the few major smartphone makers that has launched a foldable smartphone. While it debuted its first such device last year, it is now working on a third-generation foldable smartphone. This shows that the company is quite serious about this category of products and has a plan for the future.

In line with that, during the Samsung 2020 Investor Forum, Li Zhongmin, Executive Officer at Samsung Mobile states that the company will now promote the smartphone market from “stock competition” to “incremental competition.”

Talking about the foldable smartphone, he says that they are not expansion phones but a whole new lineup in itself. He has also revealed the South Korean giant’s future plans for foldable smartphones.

Samsung Galaxy Z Fold2 5G Mystic Bronze
Samsung Galaxy Z Fold2 5G

EDITOR’S PICK: Qualcomm announces its flagship Snapdragon 888 Mobile Platform with an integrated 5G modem

The company is now planning to make the foldable phones thinner and lighter in the future. Currently, the Samsung Galaxy Z Fold 2 weighs 282 grams and measures about 16.9 in thickness when folded. He adds that while customers are currently buying such phones because of the novelty, the company is now planning to focus more on portability, design, and productivity.

Samsung is already working towards that goal. The company’s foldable device launched this year comes with Ultra-Thin Glass (UTG) that offers better picture optimization as well as more durability. It also made design changes, especially with the hinge part that now prevents dust from entering.

The foldable smartphone market is in the very early stage of development and in the future, we expect to see some amazing design and form-factor. A primary example of that is the recently showcased OPPO X 2021 Concept Smartphone that features a rollable extending display.