Samsung to receive $11 billion from Apple for parts

Samsung will provide Apple with components to the tune of $11 billion in 2012

March 14, 2012
Apple_logo_stars

Apple will probably spend $11 billion on parts sourced through various Samsung channels in 2012 for use in its devices.

This is according to an anonymous Samsung official speaking to the Korea Times.

This wasn’t the only revelation however; the same official noted that Apple is planning to release a smaller iPad device.

“The contract is expected to rise to $11 billion by the end of this year as Apple is planning to release a smaller iPad, probably with a 7.85-inch screen, and to sell more of its MacBook Air PCs using Samsung’s faster solid state drive (SSD) storage,” the source was quoted as saying.

Samsung currently supplies a range of components for various Apple devices, and is reportedly one of the main suppliers of the retina display found in the iPad 3.

Read the full story at: Boy Genius Report.

Tags: Apple, Samsung

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Have you ever lied on your CV?

View Results

Loading ... Loading ...

More News

Public Protector, Communications Minister to work together on Motsoeneng issue

Thuli Madonsela

A way to address the alleged irregular appointment of SABC COO Hlaudi Motsoeneng was agreed upon on Wednesday, the public protector and communications minister said

South Africa’s telecoms, media, and IT market in 2019

Telecoms

The South African telecommunications, media, and information technology market is in for some big changes over the next 5 years

DA is undermining rule of law by going to court: lawyer

Democratic Alliance DA logo

The DA is undermining the rule of law by using legal rather than administrative processes to remove SABC COO Hlaudi Motsoeneng, the Western Cape High Court heard on Wednesday

Eskom gets new CEO

Eskom power lines

Eskom has a new chief executive officer in the form of Tshediso Matona, the current director general of Public Enterprises

Free MyBroadband Newsletter:
Subscribe
X
bool(true)