Samsung's could soon have new company. UBS analysts predict Apple could roll out a foldable product next year, though they estimate the company will likely release a folding iPad in 2021 before extending the technology to the iPhone, according to a Wednesday report by CNBC.
"This suggests that the industry will need to work to further reduce costs forto take off as a products category," UBS said, according to the report.
More than a third of the customers UBS surveyed reportedly said they had "reasonably high" interest in purchasing a folding phone. Apple customers are willing to pay $600 more as well as higher interest to get their hands on , UBS says.
Apple didn't respond to a request for comment.
In February, the iPhone maker updated a patent with. Huawei this year unveiled the , which reportedly will . Samsung's Galaxy Fold is also slated to be . Other companies, including Motorola and TCL, are also .