Rumors have been swirling about the imminent release of a so-called "Galaxy G Fold" with three screens. Now, a Samsung executive appears to have confirmed their validity.

Samsung says that it plans to release a trifold smartphone by the end of the year, according to a key executive.

Samsung just yesterday launched its newest slate of foldable smartphones, but that might not be the only foldable phones the company releases this year: The company is reportedly preparing to launch a triple-folding smartphone before the year’s end.