Huawei is also working on a foldable smartphone

Huawei tweets

Now, the company has confirmed that it will launch a new foldable smartphone within a year.

Research firm IDC expects worldwide smartphone shipments to decline 0.7% in 2018 to 1.455 billion units, with growth likely to resume as 5G devices become available.

Foldable displays have been in development at other companies too, South Korean tech giant Samsung had already tipped for launching its first foldable smartphone next year.

Huawei's CEO is making some bold claims about its upcoming folding smartphone, which he is hoping will be able to beat Samsung's Galaxy X to market.

More news: Texas A&M most valuable football program, Ducks 12th, according to Forbes

Executive Director of Huawei Richard Yu said that the company is working on a revolutionary technology of flexible smartphone and present them in the next year. "It is conceivable that you fold out a display". The CEO said he expects Huawei's foldable phone to replace PCs. He said, "It nearly feels with foldable displays that technology companies are using this as something to highlight how innovative and technologically advanced they are. without really considering the nuts and bolts that would make it a commercial success". It will be the key, whether at work, in private life, when paying or entertainment.

Further, Yu believes that when it comes to devices, there won't be a revolution, but rather, an evolution.

"The industry is very close now to foldable phones becoming a commercial reality", Stanton said, according to the BBC.

Huawei's latest claim also shows that it is eager to launch a foldable smartphone before Samsung.

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