New York -Word’s leading mobile manufacturer Apple of the USA is planning to launch a foldable version of the famous iPhone by the year 2020. The company has already joined hands with its Asian partners to set up a foldable device that can be used like an iPad tablet. According to Wasim Mohan, Analyst of the Bank of America, Merryl Lych they are not going to change the shape of the OLED versions. In the past, the buzz in the market arena was that the company was planning to join hands with LG for launching a next-generation foldable iPhone. They appealed for a patent application for an unnamed version of a set that could be opened and closed like a book. The set was expected to hit the market by November 2017 but the company shelved the idea due to some undisclosed reasons. The next generation iPhone will contain a flexible portion that will allow it to fold like a book.