Alongside the screen, a future foldable iPhone would also require a flexible circuit board and Apple may also assign the printing of such a board to LG, as per a report from Korean website The Investor.
Claims in the Korean technology media claim Apple has tasked LG with creating a bending and foldable screen for a future iPhone.
Apple usually starts a new phone project a year before launch, sharing key features, including the panel, with suppliers.
He told Boy Genius Report, 'We will launch the device only after overcoming a series of technological barriers'.
LG has recently started its first OLED production for phones at its E5 plant in Gumi, North Gyeongsang Province. Sketches of Samsung's phone appeared in patents earlier this year, and only last month a certificate referring to the handset was spotted at South Korea's version of the FCC, suggesting a production version isn't far away.
Android Video Calling Just Got Much Simpler
The DUo Integration update for other carriers and OEMs will be rolled out by the end of the Year, says Google. From within the phone app, you'll be able to initiate a video call from the call history or search.
There is rumor that Apple could bring as much as $2.6 billion in LG's new display plant, but the deal has not been finalized yet. Sources say the two firms have tentatively agreed on the investment but details have not yet been finalized.
Another radical change that Apple made with the iPhone X is taking out the home button.
The foldable iPhone will most likely become reality only in 2020.
The iPhone X's TrueDepth camera, however, could lead to some production bottlenecks for Apple, according to recent comments by Deutsche Bank analyst Sherri Scribner.
That is not to say that the foldable iPhone leak might take place from LG's side; it might definitely take place but there are smaller chances of that happening. It wouldn't be the first time we saw Apple take something someone else invented and flawless it to an extent where we actually think that it is an innovation.