Samsung to receive $11 billion from Apple for parts

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

By - March 14, 2012

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.

Share your thoughts

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us



How much data do you use per month?

View Results

Loading ... Loading ...

More News

I went to my first F1 Grand Prix, and it was beyond epic

Mercedes F1

The 2015 Abu Dhabi Grand Prix saw a Mercedes one-two finish – which was a good thing, considering I was sitting in the team garage on race day.

VU video streaming – rebadged MTN FrontRow with cheaper prices

VU logo

MTN FrontRow has been rebranded as VU, with promotional subscription prices to match ShowMax.

This is what it takes to stop South African criminals from stealing batteries


Poynting Antennas has developed the MagiCube to stop criminals from stealing base station batteries.

Huge queue for Cell C 100GB for R100 deal in Cape Town

Cell C LTE

Cape Town residents have been queueing since 04:00 to get their hands on Cell C’s LTE launch promotion.


Newsletter Subscription

Email *
Enter the following to confirm your subscription *
Captcha image

Free MyBroadband Newsletter