Company that made the first foldable phone wants to raise more money


If you don’t follow the smartphone industry that closely, you may not know that the first foldable smartphone introduced to the public was not the Samsung Galaxy Fold. In October, approximately four months before Samsung took the wraps off of its device, a small Chinese based firm called Royole unveiled the FlexPai. Unlike both the Galaxy Fold and the Huawei Mate X, the FlexPai is rough around the edges. The FlexPai is priced at $1,318 for the model with 128GB of storage, and $1,469 for the model with 256GB of storage. That compares with the $1,980 for the 512GB Galaxy Fold and $2,600 for …

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