Apple Was Just Granted Another Patent for a Foldable Phone

Apple has been granted a patent for a foldable phone

Apple (AAPL) appeared to be falling behind Samsung (SSNLF) and Huawei in the race to producing a foldable smartphone. However, the foldable smartphone Samsung launched in March had major technical problems that have delayed its launch.

Apple has won a patent for a foldable screen that could be used on its iPhone. The iPhone maker has applied for a series of foldable smartphone patents, including patents for features such as hinges.

However, these patent applications may not be approved and do not mean Apple is ready to launch a foldable phone immediately. Realistically, Apple may need a year or two to start selling foldable iPhones.

Apple Was Just Granted Another Patent for a Foldable Phone

Apple’s iPhone shipments have fallen

Apple’s iPhone unit sales have been dire, impacting the company’s overall revenue. According to Canalys, Apple’s shipments during the March quarter fell a whopping 23.2% year-over-year to 40.2 million units.

Apple’s iPhone sales could continue to fall until there is a big leap in 5G-compatible or foldable phones. Apple stock has fallen ~15% in May as investors fear that US-China trade tensions could seriously affect the iPhone maker.