For perspective, the Samsung Galaxy Z Fold 2 is priced at Rs 1,49,999 in the Indian market.
The actual patent of the device has been posted online and we see that it was applied by IBM over three years back.
Lau thinks while foldable phones are a nice innovation, they don't do anything fundamentally different from conventional phone.
LG has applied for three brand name registrations, which are expected to be its foldable devices.
We might not go back to flip phones but something similar is waiting for us in the near future. Big names including Microsoft, Samsung, LG and even Nokia were recently in the news for applying patents for a foldable phone design.