When the iPhone X of Apple is released to the public on the 3rd of November, it would not just be Apple that will be smiling.
Strangely enough, one of Apple’s biggest rivals is going to be pretty happy also.
According to a report in the Wall Street Journal, the component division of Samsung (the part of the firm that makes screens, chips, etc.) might earn more money from the launch of the iPhone X than from the company’s own smartphones.
It can be noted that Samsung also makes processors, displays, and more for major manufacturers, including Apple, in addition to the company’s smartphone division.
It is one of the few companies that can make the OLED display for Apple, which implies that Samsung has a pretty substantial monopoly on how much it can charge Apple for every component.
It is not just displays, Samsung is one of the few companies in the world that can manufacture the storage chips that are needed for the iPhone X in the huge quantities that Apple requires.
The relationship between Apple and Samsung is fascinating. While the two are rivals in the consumer market, Apple has been dependent on the manufacturing capabilities of Samsung for years behind the scenes.
To try and break the cycle it is rumoured that Apple is investing heavily in the manufacturing capabilities of LG in order to make it the second major supplier of OLED displays of the company.
Of course, this would not only benefit Apple since OLED displays are extremely hard to produce in huge quantities and as they become more popular, it is likely that Samsung will do everything it can to keep that monopoly on producing them.