Rumor has it that Apple (AAPL.US) will launch the first foldable iPhone panel in the second half of next year, sold exclusively by Samsung

The Zhitong Finance App learned that, according to reports, Apple (AAPL.US) has decided to exclusively use Samsung OLED panels on the first foldable iPhone to be launched in the second half of next year. The report said that this move highlights Samsung's technical advantage in reducing screen creases, and reducing screen creases is a key factor in foldable phone design.

According to reports, Samsung plans to start full supply by the end of this year or the beginning of next year. This foldable iPhone is expected to use a high-end OLED panel similar to the 7.8-inch iPad mini tablet, and the external display is expected to be a 5.5-inch OLED.

According to reports, the price of this product is likely to be around $2,000 and will compete directly with Samsung's own Galaxy Z Fold.

According to reports, industry insiders pointed out that since launching the Galaxy Fold in 2019, Samsung has accumulated 6 years of professional experience in foldable OLED technology, which is essential for it to obtain this exclusive contract.

An industry insider said, “Apple prioritizes quality over price when selecting component suppliers; Samsung is the only viable option.”

The supply of Apple's foldable iPhones is yet to be determined. The industry's estimated annual supply may exceed the initial forecast of 9 million units, reaching more than 15 million units.

This huge demand is likely to reignite the growth of the foldable OLED market, which grew slightly by 2.9% last year, according to Counterpoint Research.

It is expected that this strategic cooperation will affect Samsung's market share in the foldable OLED field. Due to intense competition, Samsung's market share dropped to nearly 40% last year. According to reports, as foldable OLEDs are about to begin delivery, Samsung's market share is expected to grow sharply to around 70% next year.

Apple's entry into the foldable phone sector is expected to arouse interest among high-income North American consumers and may be a catalyst for the entire market to take off.