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iPhone X is going to make Samsung richer

image result for iPhone X
iPhone X is going to make Samsung richer
Apple has launched three iPhone’s this year and the much-talked device is iPhone X. The device is expected to come in the market this month, while other two are selling in the market. But do you know that success of iPhone X can make Samsung richer. As per the reports, Samsung is expecting more revenue from Apple iPhone X sales than their own S8 sales.

It is a known fact that Apple needs Samsung for most of the components embedded in its iOS devices. Samsung is the sole supplier for OLED displays used on iPhone X and it also supplies NAND flash and DRAM chips in huge quantities needed for iPhones every year. The Wall Street Journal further notes that 35 percent of the revenue of Samsung's component business comes from the huge chunk of orders from Apple.

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As per the report published in the WSJ, South Korean conglomerate Samsung is set to rake in around USD 4 billion more in revenue from Apple iPhone X parts that it manufactures.

Samsung is expected to make $110 on each unit of the iPhone X, which is priced at $999, roughly Rs 65,600. That’s almost 10% of the total market price of the iPhone X. It is worth noting that the iPhone X is also the most expensive iPhone ever Apple has launched. Apple is estimated to sell a whopping 130 million units of the iPhone X in the next two years.

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Samsung provides OLED panels, NAND flash and DRAM chip to Apple. Samsung is also believed to be the only supplier that can deliver that kind of bulk order for these components. The WSJ report states that the order is now driving Samsung’s components business, which accounts for roughly 35% of the company’s revenue. The Korean company is expected to rake in $14 billion in profits from the iPhone X, which is higher than the estimate of $10 billion from the Galaxy S8 during the same period.

It’s highly unlikely that Apple will continue to show this much of affection for Samsung, which is its closest competitor in the smartphone market. At some point, Apple will be looking for other suppliers, and rumors suggest the company may go ahead with LG in 2019.

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