Samsung denies that it’s jacking up Apple processor prices by 20%

Apple Samsung Chip Price Hike Denial

Earlier this week, MarketWatch reported that  Samsung (005930) successfully managed to force Apple (AAPL) to pay 20% more for mobile processors in a deal that would last until 2014. The Street is now reporting that “a Samsung Electronics official denied the reports to… a Seoul-based newspaper” saying that “prices are set at the beginning of the year and aren’t changed easily.” MarketWatch’s report sent shockwaves across the tech world as tech blogs and publications speculated that Samsung was using its supply chains to fend off Apple as the two companies duke it out in the courtroom.

Source:
The Street
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