The South Korean company, Samsung, is working on launching a new foldable phone before the end of 2021, it was reported.NikkiIn its Asian version.

According to the site’s report, the upcoming phone is capable of double folding unlike the first folding, which folds once, and work on its design is still ongoing.

And if the report is true, it would be the third device in the “Samsung” group of foldable phones, after “Galaxy Z Fold” and “Z Flip”, but the site mentioned that the design is still in its early stages.

Samsung is working on a double-folding phone that could be unveiled later this year.https://t.co/0onaJauBQq

– Nikkei Asia (@nikkeisia) March 23, 2021

It is unclear whether Samsung will adopt the same “Galaxy Z Flip” design.

The report states that Samsung plans to launch new versions of its foldable phones this year, the “Galaxy Z Fold” and the “Galaxy Z Flip”.

Reports suggest that the company’s plans to release foldable phones came about this year due to reluctance to launch a new “Galaxy Note” phone.

The company has been trying according to the site to differentiate between the “Galaxy S” series and the “Galaxy Note” phones, as for some time the only difference was the “S” pen on the Note phones. But the latest Galaxy S phones also support the use of stylus.

The company plans to make more foldable phones, as with Note phones, which produce more than 10 million devices annually.