Inexorable that Apple will buy $7.8 billion of components from Samsung, this year, the Korea Economic Daily reports (via WSJ).
Well, components are things like liquid crystal displays, NAND flash memory chips that go into iPhones and iPads, and a mobile application processors.
But wait, isn’t Samsung also a big Apple competitor, making phones and tablets? Yes. That’s how the electronics industry works. For instance, the actual DVD players inside most DVD players sold today are made by the same company, Matsushita, which also sells its own DVD players under the name Panasonic. And Samsung is of course a huge conglomerate that makes everything from phones to cars to huge super tankers.
Source: Businessinsider
