[UPDATE] July 18, 2018 3:15 p.m. EST According to a new report from The Wall Street Journal, the long-rumored foldable Samsung smartphone will reportedly release later this year.

The smartphone, codenamed "Winner" internally, will likely cost more than $1,500 USD, and will boast a seven-inch screen that folds in half like a wallet. The device will also feature a smaller display on the front that is visible when it's folded in half, the Journal reports.

The publication also notes that Samsung is expected to launch an Apple HomePod competitor around the same time, a $300 USD speaker powered by Samsung's smart assistant, Bixby.

Read the original story below.

This past summer, it almost seemed like the rumored Samsung Galaxy X would finally be revealed by the company, as the brand showcased a foldable phone with a flexible screen several times, leading fans to dub the mystery device "Galaxy X."

A concept that started since 2011, the new foldable design was reported to release in late 2017 with a 4K display but sources then indicated that Samsung may only have a prototype ready by then, as supply chain sources were even less optimistic of the phone's official debut before mid-2018.

The latest rumors from The Investor report that Samsung is finally prepping the Galaxy X for production and a release is in line for either late 2018 or early 2019. Sources say that the phone's crucial foldable display development won't be completed until March and the panel production will begin in September 2018.

In terms of its design, the Galaxy X is likely to flaunt a 7.3-inch OLED display that folds inside, essentially a "clamshell" phone. Samsung is reportedly testing the prototype to ensure parts are not damaged by continual fold and unfolding, while preventing detachment between panel layers and adhesives.

Furthermore, sources indicate that the foldable display will be presented in a private meeting with a number of clients during this week’s ongoing CES trade show in Las Vegas.

Just like how the iPhone X is Apple's most expensive smartphone ever, it's highly likely that this will be Samsung’s most expansive model as well.

For a further look and additional details on the upcoming Samsung X, be sure to read the full story at Tech Radar.

Stay tuned for more updates.

Also, Samsung is set to drop its new Galaxy S9 in March to rival the iPhone X.

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