To provide a folding mechanism capable of securely holding its opened and closed positions and an electronic apparatus employing the same. The folding mechanism is constructed by disposing outer circumferential fixed cam on the outer circumferential side and inner circumferential fixed cam on the inner circumferential side of a side surface of fixed member and, further, disposing outer circumferential movable cam on the outer circumferential side and inner circumferential movable cam on the inner circumferential side of a side face of movable member in confronting relation with the fixed cams.