Motorola was tipped to be the latest vendor to join the foldable smartphone sector, with plans to launch its first model by the year-end, CNET reported.

The device is reportedly a revamp of the iconic Motorola Razr flip phone which shipped 130 million units across its lifetime.

Motorola, an arm of Chinese company Lenovo, could make it a three horse race in the foldable smartphone sector.

Motorola reportedly missed a summer deadline to launch the foldable device, along with rivals Samsung and Huawei who delayed their launches to fine tune the Galaxy Fold and Mate X, respectively.

Early previews saw broken screens in the Galaxy Fold. The Korean manufacturer finally launched the Fold on 6 September in its home country and globally shortly after.

Motorola confirmed the existence of its foldable phone in February and said to Engadget that it had “no intention of coming later than everybody else in the market.” It is rumoured to be priced around $1,500.

Other vendors to have confirmed a foldable device in the works include Alcatel, Oppo and Xiaomi.