Wall Street biggie says Samsung Galaxy Fold could hurt Apple, but not in the way you're thinking of

Yesterday, Samsung introduced the Galaxy Fold, and the device that turns itself from a 4.6-inch phone into a 7.3-inch tablet all of a sudden became real. Even with an outstanding spec sheet, the price of $1,980 might prove a bit steep for the majority of the public. Still, global investment banking firm Goldman Sachs says that the introduction of the foldable phone could prove to be a problem for Apple, but not in terms of being additional competition for the iPhone.

According to Seeking Alpha, analysts at Goldman say that the Galaxy Fold  offers "a compelling form factor that only Samsung's foldable OLED technology can deliver," and if the form factor catches on with the public, Samsung could make Apple wait to obtain its foldable screens. A timeline created by a Korean research firm late last year, suggests that Apple will be the last of the major phone manufacturers to release a folding smartphone. This timeline has Apple launching such a device in the second half of next year.

A couple of days ago, we showed you a render of a foldable iPhone produced by Let'sGoDigital. The latter based it on a recent patent filed by Apple that shows an iPhone folding vertically (similar to what we expect for the Motorola RAZR) instead of horizontally like the Galaxy Fold.

Apple currently uses Samsung as its major source of OLED panels for the Apple iPhone XS and iPhone XS Max.