New patent suggests Apple will release a FOLDABLE iPhone

New patent suggests Apple will release a FOLDABLE iPhone

According to a report from a London newspaper, Apple's offices in South Korea have been raided by regulators, just ahead of the launch of the iPhone X in the country.

Metro.co.uk has reported that the raid will likely raise questions about whether South Korean authorities are trying to target Apple's business in their country.

Although South Korea is home to tech giants like Samsung and LG, Apple's products are wildly popular.

A few days ago, we told you that the Apple iPhone X did very well in South Korea by selling out during the pre-order period that ended today in the country.

"Investigators visited Apple's headquarters earlier this week to ask questions about its business practices ahead of the launch of the smartphone", the report said.

Apple and the Korean Fair Trade Commission have a long history together. The South Korean FTC has been specifically looking into the company's contract terms with local carriers, which included the carriers signing up for a specific number of iPhones, sharing a burden of the fix costs and the limitation period of an year on all fix firms for any disputes with Apple. In an article for Forbes, he wrote, "The Korea Fair Trade Commission has pretty much run amok in recent years, slapping spurious charges on foreign companies". For example, in 2015 Apple controlled 33% of the South Korean handset market leading the country's FTC to investigate whether foreign manufacturers were hurting the domestic handset market.

Mitsubishi Materials units falsified product data
Mitsubishi Materials on Thursday "sincerely apologized" for falsifying data about some of its products. None of the cases have been found to have caused any safety problems so far, Mitsubishi Materials said.

The Metro reports that authorities visited Apple's office and questioned the Cupertino company's business practices.

The iPhone X is also coming next month in South America and will be first available in Colombia.

Lee Jae-yong, acting chairman of Samsung, was jailed for five years for corruption in August 2017.

Samsung, on the other hand, has been previously accused of bribing South Korean government officials - its heir Lee Jae-Yong was arrested past year on bribery and other charges.

The 49-year-old was accused of making payments in exchange for political favours.

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