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Samsung expects the demand for flexible OLED panels for smartphones to 'rebound' and the company also aims to 'lead trends in the market' with its foldable and 5G devices.

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Samsung Galaxy Note9 Blue (1)

Foldable smartphones aren't a new announcement, we've actually seen 3 companies show a foldable smartphone design off to the world but in its latest report, Samsung has announced that the flexible screen business will pick back up in 2019 and that they will, also, lead the way (maintaining their market leader status) by introducing foldable and 5G devices.

As well as creating OLED panels, the tech giant has also said they will expand the OLED market even further by introducing 'innovative technologies for new applications' and they also want to make more of an impression in the smartphone OLED panel market by introducing new/different features.  

We reported yesterday that the smartphone industry has seen a slight drop in the number of units sold and Samsung has reconfirmed this with results down 10% compared with the previous year. But, they do say that technology breakthroughs, as well as new innovations, will ensure the company continues to grow. 

More competition in the mobile display maker business, as well as the slow sales of premium smartphones and the rise in the number of brands becoming popular in the smartphone sector, are some of the reasons listed for a past, and possible, continued decline in earnings. However, Samsung does believe that the launch of the new flagship Galaxy smartphone should help turn things around.

The company also expects that the demand for storage over 128GB in flagship/premium smartphones will remain high as well the need for high-end features such as bigger screens and multiple cameras. 

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