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The world's first foldable phone maker is now out of business
Chinese smartphone maker Royole Technologies, known for launching the world's first foldable phone, has been declared bankrupt.
Royole Technologies, a little-known Chinese OEM, launched the world’s first commercially available foldable smartphone back in 2018. According to a recent report from IT Home(via Digitimes Asia), Royole Technologies was declared bankrupt following an investigation of its current assets and liabilities. Unlike modern foldables, the FlexPai had its folding display on the outside with a chunky bezel on one side housing the front-facing camera and sensors.
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