According to DigiTimes, LG will be collaborating with Apple on its foldable iPhone with its future foldable OLED technology.
The report also states that Apple is aiming for a thinner display than the foldable of its rivals.
Apple has been researching foldable devices since 2016, but rumors surrounding a foldable iPhone have noticeably increased in recent months.
However, the Cupertino-tech giant has not officially announced that when it will be launching a foldable smartphone.
The tech giant has supposedly developed two prototypes, the clamshell, and the book-like shape.
The upcoming foldable iPhone with Galaxy Z Flip-like design will also be more affordable than the competing rivals in the same market.
Apple is also in the process of engineering an iPhone with a folding display similar to the Samsung Galaxy Z Fold and iPhone maker has ordered a batch of foldable displays from Samsung, suggesting that it is working on a foldable iPhone.
A report has claimed that the company might also discontinue the iPad Mini after the launch of its foldable iPhones.