Honor Magic V foldable smartphone officially teased: Check details here

The smartphone brand Honor on Wednesday officially teased its first foldable smartphone titled the Honor MagicV that will arrive in 2022. The company posted its first image on its Weibo and Twitter accounts.

"Unfold all the potential. This is HONOR's first foldable flagship phone, the #HONORMagicV," it said on Twitter. The Weibo post read that the "folding flagship is about to be released". The company is yet to reveal its exact launch date.

WATCH | Click on Zee Business Live TV Streaming Below:

According to a report from the news agency IANS, in 2019, the company's CEO George Zhao told CNET that he was interested in producing a foldable under the Honor brand. It could have an 8.03-inch folding inner display paired with a 6.45-inch outer screen, resembling Samsung's Z Fold devices.

Foldable smartphones are rising in popularity. According to techARC, foldable smartphones are set to witness a massive 638 per cent jump in sales in India in 2021 and are expected to touch a record 3 lakh units sales in 2022, the IANS report said.

After Samsung, Chinese brand OPPO has also launched its maiden foldable smartphone called 'Find N' that comes with a triple-camera at the rear, selfie cameras on both inner and outer displays, Qualcomm Snapdragon 888 chipset and up to 12GB RAM.