Samsung will make a lot of money... from the iPhone X?
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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.
The Wall Street Journal (paywall)
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