There has been much talk about foldable smartphones over the years. Samsung has reportedly been working on one for the past couple of years. It has only recently acknowledged the device’s existence and is expected to provide a preview of its foldable smartphone this November. LG has now revealed that it’s working on a foldable smartphone as well.

Samsung was initially expected to unveil its foldable smartphone next year. However, after reports surfaced that Huawei was working on one as well, it reiterated its wish to become the first manufacturer in the world to unveil a full-fledged foldable smartphone.

LG isn’t looking to win any “world’s first” titles with its foldable smartphone. LG Mobile CEO Hwang Jeong-hwan has confirmed that the company is woking on a foldable smartphone. He revealed this at a press conference related to the launch of its latest handset, the LG V40 ThinQ.

He added that LG isn’t focused on being the first to launch the foldable device. He said that the company is going to wait until it’s confident that the product provides actual value to customers.

The CEO provided no further details about the device so it’s too soon to speculate about the specs of its foldable smartphone or just how it’s going to look.

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