*By Madison Alworth* Samsung revealed this week that, by the end of 2018, the company will unveil its first flexible and foldable smartphone screen. [But this is a promise Samsung Mobile CEO DJ Koh has been making for years, and many are skeptical that he'll actually deliver, said lead mobile analyst at PC Mag Sascha Segan. ](https://www.pcmag.com/news/363518/samsung-mobile-chief-says-foldable-phone-coming-this-year) "He was talking about this a year and a half ago. I feel like this is DJ Koh's white whale," [Segan said Tuesday in an interview on Cheddar. ](https://www.pcmag.com/article2/0,2817,2367064,00.asp) But Segan, despite his doubts, still understands why the mobile giant is pursuing the strategy so aggressively. "This is the transformation in a phone's form factor that finally makes Samsung products different and more innovative than every other black slab on the market," he said. Cell phone distributors are looking for compelling reasons to get consumers in the door. It has been a dull year for cell phone sales as replacement cycles get longer and consumers continue to hold out for 5G. Samsung has felt the slide. Sales in Q2 were down 4 percent from a year ago, and Samsung cited ["softer sales of smartphones"](https://news.samsung.com/global/samsung-electronics-announces-second-quarter-2018-results) as a major cause of the slump. [Samsung is hoping foldable displays are the solution to its sales problem.](https://www.pcmag.com/article2/0,2817,2483688,00.asp) After all, they do seem to fit consumer demands, Segan said. "They want bigger screens but not bigger phones, because their hands aren't getting any bigger," he said. If Samsung is able to succeed in its efforts, it could get a leg up on competition. "If they can perfect foldable screens first, that makes it clear that everyone else is going to need to go to Samsung when they want the best displays," Segan said. For full interview [click here](https://cheddar.com/videos/samsung-shocks-with-big-news).

Share:
More In Business
The Day Ahead: Earnings, April Housing Data, Netflix Upfront Presentation
Cheddar News checks in on what to look out for on The Day Ahead as earnings season continues with TJX Cos., Target and Take Two Interactive among those reporting on Wednesday. April housing starts data is also set to be released while Netflix will hold its upfront presentation virtually amid a continued writers' strike.
Fyre Fest II, Broadway Musical in the Works
Billy McFarland, who served four years in prison for the failed Fyre Festival in the Bahamas that saw investors lose millions, is back. McFarland joined Cheddar News to explain a new Fyre Festival he is planning along with a Broadway musical, both in the works.
Stretching Your Dollar: Tips for Creating a Summer Budget
Retail sales saw a modest uptick in April as inflation eased somewhat as consumers look toward the summer season to spend some more. Mario Payne, financial planner for Toams Financial, joined Cheddar News to provide some guidance on how to work up a responsible summer budget plan.
Load More