The Apple iPhone X will make its debut in a month and even though it will be major competition to other smartphones, one of its biggest rivals will actually benefit from it, according to a report.
Last month, Apple announced three new smartphones, the iPhone 8, iPhone 8 Plus and the iPhone X. The most expensive of the three, the iPhone X, has yet to make its debut but since it has all the new features and design changes, the phone could end up being a success.
It would be great news if Apple sells a lot of iPhone X, which start at $999. But the tech giant won’t be the only one benefitting if Apple’s premium phone sells well. One of its biggest rivals, Samsung, will also earn a nice amount from the iPhone X. Apple’s premium phone has a Samsung OLED screen and a few other components.
The report and research come from MacRumors and Counterpoint Technology Market Research, which found that Samsung will make around $110 for the materials used. That is for every iPhone X sold, so it could be billions of dollars if the device goes on to have record setting sales. The numbers from Counterpoint Technology also suggest that Samsung will actually make more from Apple’s premium phone than its own flagship smartphone, the Galaxy S8.
That is pretty much a win – win situation for Samsung, which is currently the biggest smartphone maker in the world. Samsung didn’t have a good end to 2016 with the Galaxy Note 7 disaster, which reportedly cost them billion of dollars. But there could be good news to close the year if the iPhone X is a success.
Apple’s iPhone X will be released on November 3. Pre-orders will begin on October 27.
Are you buying the iPhone X? What do you think about the iPhone 8? Let us know in the comments.