Notebookcheck

Samsung will make a lot of money... from the iPhone X?

Image: The Inquirer
Image: The Inquirer
As the sole supplier of the OLED displays used in the upcoming iPhone X (and one of the main suppliers of NAND flash memory used in the phone), Samsung is poised to make quite a bit of money on total sales if the iPhone X is as successful as some estimates are guessing.

Samsung’s financials have made a remarkable recovery since the Galaxy Note 7 debacle of last year. After posting a record profit last year, the Korean tech giant is on track to make even more money, but not just from its own line of smartphones. According to Counterpoint Technology (a market analytics firm), Samsung is expected to make USD $14.3 billion from total iPhone X sales through next summer, compared to $10.1 billion from its own Galaxy S8.

This expected revenue will come from the business relationship between Apple and Samsung. Samsung is currently the sole provider of the OLED displays used in the iPhone X and is one of the lead manufacturers of the NAND flash memory used in Apple’s upcoming flagship. This position gives the Korean company a large cut of the iPhone pie.

According to Counterpoint Technology, estimates peg sales of the iPhone X to hit about 130 million between its release next month and next summer. Samsung stands to earn about $110 per unit sold. The firm also estimates that Samsung will generate $202 on each Galaxy S8 unit sold, which it estimates will total 50 million over its first 20 months on the market. That puts Samsung’s total estimated revenue at $14.3 billion from the iPhone X and about $10.1 billion from the Galaxy S8.

Samsung and Apple have had an interesting relationship over the past 10 years. Apple sued Samsung back in 2011 for copyright infringement, which led to a lengthy legal battle and a countersuit from Samsung for similar allegations. Both suits have been settled, both companies have filed for appeal several times, and some of the charges are still ongoing. Even during this legal dispute, Samsung was still happily supplying components to Apple for use in the iPhone. It looks like Samsung will continue to do so, and may make even more money off its competitor than its own products. 

Working For Notebookcheck

Are you a techie who knows how to write? Then join our Team! Indian citizens welcome!

Currently wanted: 
News and Editorial Editor - Details here

Source(s)

Read all 1 comments / answer
static version load dynamic
Loading Comments
Comment on this article
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 10 > Samsung will make a lot of money... from the iPhone X?
Sam Medley, 2017-10- 2 (Update: 2017-10- 2)
Sam Medley
Sam Medley - Review Editor - @samuel_medley
I've been a "tech-head" my entire life. After graduating college with a degree in Mathematics, I worked in finance and banking a few years before taking a job as a Systems Analyst for my local school district. I started working with Notebookcheck in October of 2016 and have enjoyed writing news articles and notebook reviews. My areas of interest include the business side of technology, retro gaming, Linux, and innovative gadgets. When I'm not hunched over an electronic device or writing code for a new database, I'm either outside with my family, playing a decade-old video game, or sitting behind a drum set.