Analyst Ming-Chi Kuo claims that Apple is testing with an e-Ink Electronic Paper Display (EPD) that could be for a cover, or part of a folding screen.
E-ink is best known as the technology used by Amazon Kindle, but Apple has been researching its use since 2011, at least. Now Kuo says that the company is actually testing a color version.
Apple is testing E Ink's Electronic Paper Display (EPD) for future foldable device's cover screen & tablet-like applications. The color EPD has the potential to become a mainstream solution for foldable devices' must-have cover/second screen thanks to its excellent power-saving.
— (Ming-Chi Kuo) (@mingchikuo) May 17, 2022
The claim that this EPD could be used as a cover because of its power-saving, suggest that the iPad might gain an always-on case. That could conceivably show basic status information such as the time and notifications, but Kuo expects unspecified "tablet-like applications."
A cover or second screen doesn't automatically have to be folding itself, it could mean that two halves of a folded screen might be separate displays. Apple has previously researched
using multiple e-Ink displays.