Earlier this week LG(LPL -1.14%) announced it has officially struck agreements with AT&T, Sprint, and T-Mobile U.S. to bring its new G Flex smartphone to the United States by the end of 2014. 

So why's this notable? In short, LG's G Flex not only boasts a six-inch curved, flexible OLED display, but also incorporates a special "self-healing" coating designed to automatically fix minor scratches to the exterior of the device.

But according to the Fool's Steve Symington in the following video, even after accounting for U.S. mobile carriers' subsidies, the G Flex's price will likely be prohibitively high.

At the same time, Steve notes, there are a number of reasons to believe its cost will come down quickly. What's more, LG has made it clear the innovative phone is only the first in a long line of flexible smartphones, which means much more impressive related products could be on their way down the road.

To learn Steve's full take on what this means for the U.S. smartphone market, check out the video below.