Firms bet big on foldable devices

Smartphones that can double up as tablets promise to make a fortune for manufacturers

Smartphone makers are betting big on foldable screens that could be used either as tablets or as pocket-size phones.

This innovation is expected to improve handset utility and make their designs eye-catching, thereby helping revive a COVID-ravaged market.

According to a report from Strategy Analytics, a market research firm, global foldable smartphone shipments will grow from under 1 million units last year to 100 million by 2025. Foldables will be the fastest-growing segment in the premium smartphone market in the next decade.