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A recent report suggested that Samsung is looking towards advanced display technologies to help fuel its growth in the smartphone market. Flexible displays are likely to be a part of that plan. During the Samsung Investor Forum 2014 in New York a top company executive revealed that Samsung Display will launch a flexible display for phones by the end of next year. This flexible display will be for smartphones which will have the capability of being folded in half.

Lee Chang-hoon, vice president of Samsung Display’s business strategic team, said that the company expects to secure production capacity of 30,000 to 40,000 flexible displays each month by the end of 2015. If this goes according to plan, Chang-hoon claims that “there will be no company that has this great production capacity by 2016,” except Samsung of course.

He also mentioned that Samsung will provide its customers with a product which will have this flexible display, however nothing has been set in stone regarding that product, so we’ll have to wait and see what shape that smartphone ultimately takes.

The company is planning an expansion of its flexible-display smartphones following the warm response that Galaxy Note Edge has received in the market. This particular smartphone has a display that curves to the right side.

Samsung also revealed during the Investor Forum 2014 that it plans to release up to 30 percent fewer smartphone models in the coming year.

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