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

Updated Dec 19th, 2018 7:03PM EST

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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]


Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.