Samsung (SSNLF) may have beaten Apple (AAPL - Get Report) to the punch with its pricey foldable mobile device, but based on news from Apple glass supplier Corning (GLW - Get Report) , the Cupertino, Calif.-based company may not be far behind.
Corning confirmed to CNBC that it is working on a new flexible screen product after the information was first reported in Wired, which could mean that a foldable iPhone is being developed.
Corning currently makes the Gorilla Glass on Apple's iPhone, and Apple invested $200 million in the company in 2017 for R&D purposes.
Samsung recently debuted its foldable phone, dubbed the Galaxy Fold and starting at $1,980. It's scheduled to be available in the U.S. on April 26. Meanwhile, Chinese phone maker Huawei unveiled its Mate X at the Mobile World Congress last week with a whopping starting price of about $2,600; the 5G-enabled phone is expected to become available in the middle of 2019. Both Samsung and Huawei's offerings use plastic screens. Motorola is also planning on bringing back its Razr phone as a foldable device, according to a Wall Street Journal report.
Samsung's Galaxy Fold has a 4.6-inch screen on the front that opens up to two more screens that can connect seamlessly to form a 7.3-inch tablet. A single app displayed on the front screen will automatically display on the single large screen when the tablet is unfolded, but the tablet screen can also support up to three apps running at the same time.