Apple to become Samsung’s No. 1 customer with $7.8 billion in parts purchases this year

According to an unconfirmed report originating in the Korea Economic Daily newspaper, Apple will become Samsung’s largest customer in 2011. Citing anonymous industry sources, the report states that Apple is poised to spend $7.8 billion on parts from Samsung, which is one of the largest component suppliers in the world. Apple is known to have parts contracts in place with Samsung, but this staggering sum would make the Cupertino-based company Samsung’s single largest customer this year. The report states that liquid crystal displays, mobile application processors and NAND flash memory chips are among the parts Samsung has been contracted to supply for Apple. Apple and Samsung are also rivals in the mobile space, of course, with Apple’s iPhone and iPad competing directly with Samsung’s mobile phone and tablet lines.

[Via MarketWatch]

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