A Bloomberg report from earlier this month suggested that Samsung will unveil two phones with foldable screens at next year's Mobile World Congress, but according to the head of Samsung North America, the technology is "relatively right around the corner."

Samsung bendable screen

Gregory Lee made the comment at Rutberg's Future:Mobile conference in Half Moon Bay, California, stating that while Samsung had bendable screen prototypes for nearly 10 years, manufacturing costs prohibited the vendor from launching a commercial product sooner:

It just has been very difficult to manufacture at a reasonable cost.

Samsung isn't the only vendor working on flexible display tech. At its Lenovo Tech World conference, the Chinese manufacturer showed off a prototype of a phone that bends around your wrist, as well as a tablet with a screen that can be folded in half.