Samsung set to release Flexible display phone
Samsung set to release Flexible display phoneReuters

There were many rumours from the beginning of this year that Samsung might produce a flexible smartphone soon. Confirming the rumours, a senior executive of Samsung proclaimed that the South Korean company will release a smartphone with a flexible display by next year.

Speaking to ZDNET, Samsung's Vice President of business strategic team, Lee Chang-Hoon confirmed at Samsung Investor Forum 2014, New York that the company is ready to release a smartphone, which can be folded into half.

"We will secure production capacity of 30,000 to 40,000 [flexible displays each month] by the end of next year," said Lee.

The report further elaborates that Samsung is planning to launch a smartphone product line with flexible displays following the decent response the company received for Samsung Galaxy Note Edge, which already features a curved display. The company is currently extending their Alpha A3 product line too.

In the report, Lee has also asserted that Samsung is trying to cut down AMOLED screen production cost to match the price bracket of LCD screens.

"One of the superior things about AMOLED is that [because it has no backlight] it can become cheaper to produce compared to LCD. We are prepared to compete directly with LCD," he added.

Apparently, LG is also on the process to produce a flexible display and also have confirmed to launch TVs and smartphones with foldable screens. 

In another interview, Senior Vice President and head of Samsung's investor relation, Robert Yi confirmed that next year Samsung will also cut down the number of smartphone releases by one fourth to one third compared to 2013. The Samsung Senior VP also hinted to cut down their smartphone cost to combat with the competitors.