Galaxy S5

Samsung plans to launch a new flexible display for smartphones next year, according to Lee Chang-hoon, vice president of the business strategic team at Samsung Display. Chang-hoon revealed during the Samsung Investor Forum 2014 in New York that the company will launch a flexible screen that can essentially be folded in half, though a finished product has yet to be decided on.

"We will secure production capacity of 30,000 to 40,000 [flexible displays each month] by the end of next year. We plan to provide consumers with a product that has a flexible display by the end of the year. However, nothing has been decided on the finished product. There will be no company [except Samsung] that has this great production capacity by 2016."

While the company has yet to decide on a smartphone to carry its upcoming flexible display, it's clear Samsung has taken the warm Galaxy Note Edge reception on-board and expects to progress further in the new category of smartphones. Samsung is also preparing to ramp up its efforts to compete against LCD technology with plans to lower production costs of its AMOLED displays.

It's also fitting Samsung will look to release a new line of products with the flexible displays in the same year the company expects to cut its mobile device portfolio by 30 percent, attempting to offer more unique experiences to attract new customers.

Source: ZDNet