Technologies
Foldable Tablets Are More Than Just a Gimmick Thanks to Samsung and LG
Commentary: At CES 2023, we saw promising concept tablets that bend and slide without breaking.
Foldable phones are all the rage, with Samsung, Oppo and Motorola, releasing their own devices. Other companies, like Apple and Google, are rumored to be working on versions of their flagship products with foldable designs.
But at CES 2023, foldable tablets are what piqued my curiosity. Samsung and LG, two of the world’s largest display-makers, both showcased tablet-like devices in various shapes and sizes that can bend, fold, slide or do all three.
These concepts got me wondering about whether there’s a real future for foldable tablets, especially at a time when companies are struggling to sell traditional tablets. What is clear, however, is that companies like Samsung and LG are thinking about it, as are PC-makers like Lenovo and Acer.
The more I’ve thought about it, the more a foldable tablet starts to make sense — maybe even more so than a foldable phone.
Samsung and LG’s foldable concepts at CES 2023
Samsung and LG both kicked off CES 2023 with announcements about their concept foldable displays, many of which come in tablet-sized formats. The star of the show was Samsung’s Flex Hybrid, a concept that you have to see to fully understand.
It closes like a notebook and opens up to reveal a tablet-like screen. But the real wow factor is that you can extend the screen’s size and even change its aspect ratio when unfolded. The right side of the screen slides out, extending the display size from 10.5 inches to 12.4 inches. In a demonstration at its CES booth, Samsung showed how the display automatically adjusts to show more content when the screen is extended.
This isn’t the first time Samsung has exhibited concepts like this. In 2022, Samsung flaunted accordion-like displays and sliding screens, designs that are also present this year.
Samsung has other ideas for shapeshifting tablets, too. It also showed the Flex Slidable Duet concept at CES, a screen that expands on both sides to provide more viewing area for playing games or watching movies. The display measures 13 to 14 inches but can extend up to 17.3 inches, according to a Samsung press release. There’s also a version of this concept that can only expand its screen in one direction, a device that Samsung appropriately calls the Flex Slidable Solo.
LG had two main foldable tablet concepts to show at CES: an 8-inch tablet that can fold inward and outward in both directions, and a 17-inch device that folds in half. LG asserts that the 17-inch display is almost entirely creaseless, and the company is positioning it as either a giant tablet or a more portable external monitor for a laptop.
The gadgets shown at CES are far from being the first foldable tablets. There are Lenovo’s X1 Fold and newer ThinkPad X1 Fold, while Asus has the Zenbook Fold OLED. LG’s 17-inch concept largely looks like it’s trying to accomplish the same goal that Lenovo and Asus have already begun to explore with these devices.
The big question is whether these companies can convince consumers that foldable tablets are even useful in the first place. Samsung is seemingly trying to address this conundrum by developing screens that can change their shape and size to go along with how you’re using your device. Based on Samsung’s demo of the Flex Hybrid, it looks like you’ll be able to view content that wasn’t visible before when expanding the slideable portion of the screen. The clip above seems to show a shopping website as an example, with more products being shown as the screen expands.
Lenovo already has some interesting ideas about how to put the X1 Fold’s bendable screen to good use. When the screen is folded halfway, you can place Lenovo’s Bluetooth keyboard over the bottom half of the screen so that it functions as a mini laptop.
Samsung also isn’t the only company experimenting with displays that can expand by sliding and rolling. TCL and Motorola have both dreamed up similar concepts for smartphone designs, although Samsung’s feels closer to an actual product given its experience in foldables. Samsung is also the world’s largest smartphone-maker and second-largest tablet-maker, which makes its concepts seem more impactful than those from TCL and Motorola. While LG no longer has a presence in the mobile industry, it’s a major display supplier and still makes its own laptops.
Foldable tablets may have advantages over foldable phones
Having a phone that can fold in half to easily fit in your pocket can certainly be useful. But a tablet that can do the same thing is even better, mostly for the simple reason that tablets are inherently larger than most phones.
There’s another advantage: Foldable tablets may not face all of the same design challenges that bendable phones have encountered so far. For example, one of my biggest complaints about the Galaxy Z Fold lineup has been that it sometimes feels awkward to use when closed. The cover screen has vastly improved since the first Galaxy Fold arrived in 2019, but it still doesn’t come close to feeling like a standard, nonfolding phone.
The Galaxy Z Fold also feels bulky when closed since its thickness essentially equates to two phones stacked on top of one another. When I reviewed Microsoft’s Surface Duo 2 in 2021, I struggled to find a comfortable way to hold it when taking photos with the main camera since you must keep the phone unfolded to see what you’re shooting.
These drawbacks may not be as big of an issue with foldable tablets. Unlike phones, you’re probably not going to be using a tablet in one hand most of the time. An outer display on a foldable tablet, if there even is one, wouldn’t matter as much because you’re presumably going to be using the device unfolded. The foldable tablets I’ve seen so far don’t even have cover screens.
Aside from the selfie camera for video chats, camera quality also isn’t as important on a tablet as it is on a phone. So the awkwardness issue I mentioned when taking photos with the Surface Duo 2 likely wouldn’t happen on a foldable tablet.
The primary appeal behind foldable tablets from Samsung, LG, Lenovo and Acer — concept or not — is portability. Having a tablet that folds in half makes it easier to fit in a backpack, suitcase or purse on your next flight, commute or beach trip. But phones are already compact in their current form, meaning the value proposition behind phones like the Galaxy Z Fold can be a little harder to sell.
That doesn’t mean foldable tablets are immune from design hiccups, as my colleague Dan Ackerman wrote when trying out Lenovo’s and Acer’s devices. Creating larger displays that bend and fold likely presents its own set of engineering challenges compared to foldable phones.
Foldable phones are also moving more quickly, with market researcher IDC forecasting a 66.6% year-over-year increase in global shipments in 2022. So even though foldable phones may have different hurdles to overcome, companies like Samsung have been able to address these points over several generations of products so far.
Tablets need a refresh
Tablet sales got a boost during the early phase of the pandemic as people socialized, worked and attended school virtually. But sales looked bleak last year. Global tablet shipments were down 8.8% year over year in the third quarter of 2022, marking the fifth straight quarter of decline, according to IDC. That slump was mostly due to economic headwinds as consumers are looking to spend less, says the report.
New tablets with shapeshifting displays may not be enough to change that, especially since foldable devices are typically expensive. But tablets are still long overdue for a refresh. Arguably, the tablet’s biggest transformation since the first iPad’s launch has been the shift toward laptop-tablet hybrid devices, a transition that began roughly a decade ago around the debut of Windows 8. But tablets haven’t fundamentally changed much since then, aside from adapting larger screens and gaining routine hardware upgrades.
It took years for those hybrid devices to work out their kinks and become mainstays in our lives. If foldable tablets catch on, the case will likely be the same, mostly because of high prices and software challenges. But the concepts present at CES show that progress is certainly happening.
The goal for all tablets, foldable or not, is to provide a larger display for tasks that your phone may not be ideal for such as gaming, watching movies, reading and working. So finding creative ways to further extend that screen size, as Samsung has done with the Flex Hybrid’s slidable screen, seems like a natural evolution.
Foldable phones still feel like they’re in search of a purpose, but foldable tablets may have already found one.
Technologies
Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance
Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.
Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.
The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.
Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.
Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.
Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.
The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»
Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.
Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.
At Monday’s close, the stock had dropped 14% year-to-date.
Technologies
OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report
OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.
OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.
Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.
‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’
Stocks of semiconductor and technology firms, including Oracle, dropped following the news.
The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.
Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.
This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.
Read the full report from The Wall Street Journal.
Technologies
OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift
OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.
Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).
AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.
‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.
Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.
OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.
‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’
A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.
Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’
On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.
OpenAI and Amazon have been getting closer in other ways.
In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.
Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.
The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.
‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’
WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know
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