Samsung’s success story is well known by everyone. The company generates a hug amount of revenues from its display and semiconductor business. This is due to Samsung’s partnership with other smartphone makers including one of the world’s biggest company, Apple. Samsung Earned $110 on every iPhone X sold.
Also Read: Why to Buy iPhone 8 Instead of iPhone X
Surprisingly, the recent report has suggested that Samsung has much to gain from Apple iPhone X success. The Counterpoint Market Research revealed the complex business relationship that exists between Apple and Samsung.
Samsung Earned $110 on every iPhone X sold
Previously Apple has sued Samsung and was stuck in long battle with Samsung however still continued the business with it. The research shows that component sales from Samsung electronics in addition to two Samsung affiliate companies produce batteries and capacitors. With these Samsung can earn more in total revenue from iPhone X displays and Chips than from these components from its own Galaxy S8.
Discussing this, The Wall Street Journal wrote:
Counterpoint expects Apple will sell 130 million iPhone X units, earning Samsung $110 on each through the summer of 2019, while Galaxy S8’s global sales are expected to be 50 million, earning Samsung $202 each from components such as displays and chips in its first 20 months of sales
Counterpoint research further suggested that:
$4 billion more in revenue making parts for the iPhone X than for its Galaxy S8 handset in the first 20 months, totaling $14.3 billion from iPhone X sales, and $10.1 billion from estimated Galaxy S8 sales
Samsung is earning so much from Apple’s iPhone X smartphones is due to the usage of a curved AMOLED display. Samsung has found itself in a win-win situation as Samsung will reap massive benefits from the iPhone X and Note 8 launch.