Is Samsung’s foldable smartphone ‘Project Valley’ due in January 2016?

The 2015 IFA will be open to the public from September 4-9. However the report claims that LG’s foldable displays might not actually result in an LG smartphone with a foldable display.

Plans for the phone with the LG display are said to be still under development, and there’s no word on which company placed the order, but it’s described as a “global software business” hoping to challenge Samsung and Apple in the premium smartphone space.

From the patent illustrations, the foldable screen seems that it will sit on top of a textile-like material.

Another patent application demonstrates how the device can be opened in a laptop-like design instead of a flat configuration.

As Samsung Galaxy has long rumoured to be testing the Snapdragon 820 chipset, the purported foldable smartphone could as well serve as the test bed for the new processor, reports Samsung Mobile. Another important part of the mechanism is the central hinge. Well, looks like Samsung is working on at least one of them to hit store shelves soon.

Since then, SamMobile reported at the end of May that the “dual screen, possibly foldable” early-stage device is known internally as Project Valley or Project V. This may sound impossible to believe, but a recent patent from Samsung spotted by Patently Mobile reveals how the Korean company could pull it off. However, Samsung has still yet to confirm or deny about the validity of the news. If you have used big phablets, this might make it easy to fit the device into your pocket when it is folded.