People are willing to pay almost $800 more for folding iPhone: report

People are willing to pay most $800 more for folding iPhone: report

The starting time folding Apple device volition probable exist an iPad, not an iPhone

Apple

Swiss multinational investment bank UBS recently released a survey revealing that customers desire folding phones and are willing to pay a premium for them.

According to CNBC, more than a third of consumers surveyed past UBS had "reasonably high" interest in purchasing a folding smartphone.

Unsurprisingly, price was 1 of the biggest hurdles cited by those surveyed, with most customers saying they'd pay $400 to $500 USD (about $533 to $666 CAD) more for a folding device.

Nonetheless, the survey revealed Apple customers would be willing to pay as much as $600 USD (roughly $799 CAD) more than for a foldable iPhone.

UBS said Apple is working on folding screen technology. The depository financial institution believes the Cupertino-based tech giant could launch a folding device as early as adjacent yr. However, the investment firm noted that a 2021 release is more probable.

Further, UBS said information technology expects Apple volition release a foldable iPad commencement, with a folding iPhone coming later.

Additionally, UBS said that Samsung currently "dominates" the intellectual property filings for folding display and device tech. It expects the South Korean visitor will be a leader in folding smartphones. However, it remains to be seen if the company can gear up the problems with its Milky way Fold device and get it into the hands of consumers.

That said, Apple has several folding device patents as well.

Similar to how People's republic of china helped drive demand for large phone displays, UBS expects the country will be one of the driving forces backside the adoption of devices with foldable screens.

Source: CNBC Via: 9to5Mac