RUMOUR! Big setback for foldables phones as three companies suspend projects

Apple's foldable iPhone project is also reportedly encountering challenges
An undated image of Samsung Galaxy Z Flip 5. — Samsung
An undated image of Samsung Galaxy Z Flip 5. — Samsung

Rumours are speculating that the foldable phone market once hailed as a groundbreaking innovation, may be facing some challenges. 

According to tipster Digital Chat Station (DCS), there are indications that at least three major smartphone brands have either halted or significantly delayed their foldable phone projects.

DCS reported that a prominent player among the top five smartphone manufacturers globally has completely suspended its efforts in developing foldable devices. Furthermore, two additional companies have decided to pause their projects involving flip-style foldable phones, according to Gizmochina.

The reasons behind these project suspensions remain unclear, and the identities of the specific brands involved have not been disclosed by the tipster.

Currently, the foldable smartphone market is predominantly dominated by Android manufacturers. For instance, Samsung, boasting the largest market share, is reportedly progressing with its upcoming iterations of Z-series foldable phones, including a triple-folding model. Similarly, Huawei is rumoured to be working on a triple-folding style phone, while Oppo and Vivo have also ventured into this space with the release of several iterations of foldable devices.

Read more: Google Pixel Fold 2 leaked renders showcases slimmer body, quad rear cameras

However, recent reports have suggested that both Oppo and Vivo are reconsidering their presence in the foldable market. Allegedly, this decision stems from a significant decline in their market share within this segment observed last year. Nevertheless, neither brand has issued an official statement yet, prompting the need for further reports to clarify the situation.

If these rumours prove to be true, it could potentially impact OnePlus' foldable initiatives, as the brand has been closely associated with Oppo and has introduced only one foldable device under its name.

In other news, Apple's foldable iPhone project is also reportedly encountering challenges, particularly concerning issues with fragile screens. Despite offering distinctive form factors and possibilities, foldable phones remain costly and, to some extent, prone to fragility.