“Despite ongoing patent battles in the courts, Apple is planning to buy parts worth a record $11 billion from Samsung Electronics this year, an official from Apple’s one Korea-based parts supplier said Sunday,” Kim Yoo-chul reports for The Korea Times.
“‘The amount of the current contract is around $9.7 billion,’ the official said, adding that the popularity of Apple products lines the pockets of Samsung as well. He said that the amount may go up to $11 billion, depending on the demand for Apple products,” Kim reports. “The official asked not to be identified, which is not surprising.”
Kim reports, “Apple will buy chips from Samsung for its new iPads with Long-Term Evolution (LTE). ‘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 official said.”
“Apple’s new iPad is made using Samsung’s QXGA panels,” Kim reports. “Samsung’s biggest rivals, local competitor LG Display and Japan’s Sharp aren’t ready to supply the panels as a result of manufacturing problems, said market research firm IHS iSuppli.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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