Several reports from Korea suggests that LG Electronics is getting ready to announce their first phone that uses a flexible plastic-based curved OLED panel. Both reports say the new phone will sport a large 6" panel and it will be announced soon - within days or in November at the latest.
One thing the two sources do not agree upon is the name. CNet says it will be called the G Flex while ZDnet Korea claims it will be called the LG G Z or Z1. CNet says that they obtained the sketch shown above the shows how the new phone will look like.
CNet's sketch shows a curved phone (somewhat similar to Google's old Nexus S phone with its curved glass) - and it seems that the display is not wrapped around the device like in Samsung's prototypes shown in CES 2013 (see photo below). This is certainly not the most exciting flexible OLED design we've seen.
Earlier reports suggested that LG will indeed start flexible OLED mass production in November 2013. LG Display has a flexible OLED 4.5-Gen pilot line that has a capacity of 12,000 monthly sheets. At 100% yield this is less than 500,000 5" panels a month, and yields will undoubtedly be lower than 100%.
Last week we heard reports (later confirmed by some Samsung officials) that Samsung will announce a new premium-edition Galaxy Note 3 phone on October 25 - with a YOUM display. Samsung capacity will also be low (even though it is a bit higher than LG's).
It is also rumored that Apple will opt for a flexible OLED for its upcoming smart watch. This will be a smaller panel (around 1.4" in size). It seems clear that neither Samsung nor LG will be able to supply flexible OLEDs to both Apple's watch and their in-house smartphones.