The Samsung Galaxy Fold is a foldable phone already on the market.
Apple is working on a foldable iPhone, Bloomberg reported.
What Happened: Apple Inc (NASDAQ: AAPL) has started work on a new iPhone model with a foldable screen.
The tech giant has developed screen prototypes and is still undergoing internal testing, according to Bloomberg. There has been no official decision on the launches, the financial media reported.
The prototype screen would make the iPhone bigger and “more practical”.
A person familiar with the tests told Bloomberg that the screens would have “an almost invisible hinge with the electronics placed behind the screen.”
Why is this important: Apple has yet to announce any major changes for 2021 production, freshly modified in 2020 for new designs, packaging requirements and 5G.
But the Cupertino, Calif.-Based company is trying a new feature: an in-screen fingerprint reader to unlock the smartphone.
In today’s conditions, where people have to wear masks due to the COVID-19 pandemic, making facial recognition difficult, this feature would be useful for iPhone users.
Price action: Apple shares fell 0.25% and closed at $ 126.82 in after-market trading on Friday, after closing $ 127.14 in normal trading hours.
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