Samsung may make more money from iPhone X sales than from Galaxy S8 smartphones, here’s how

Samsung is Apple’s bitter rival and both companies are perennially locked in the race to become the numero uno. There have been legal battles and accusations thrown back and forth by both companies at each other. Yet, Apple could help Samsung make billions of dollars when the iPhone X goes on sale on November 3. According a report published in The Wall Street Journal, Samsung stands to earn $110 dollars on each iPhone X that is sold. The iPhone X has OLED display and memory chips that are manufactured by Samsung.
The Wall Street Journal’s report is based on an analysis done by Counterpoint Technology. “Counterpoint expects Apple will sell 130 million iPhone X units, earning Samsung $110 on each through the summer of 2019, while Galaxy S8’s global sales are expected to be 50 million, earning Samsung $202 each from components such as displays and chips in its first 20 months of sales,

The article further stated that Samsung could earn $4 billion more than it has made from its Galaxy S8 handsets. The Galaxy S8 sales have brought in an estimated $10.1 billion for Samsung while through iPhone X it stands to make $14 billion.
Samsung is one of the few companies that supplies high-quality mobile OLED displays that are capable of catering to Apple’s demands. While Apple’s previous iPhones deploy use of IPS LCD display tech, iPhone X employs LED panel.
The iPhone X will go on sale on November 3 whereas it’s up for pre-bookings from October 27. Apple has priced the iPhone X, which comes in two storage variants 64GB and 256GB, at Rs 89,000 onwards in India. The 64GB variant of iPhone X is priced at Rs 89,000 while the 256GB variant is priced at Rs 1,02,000.
The iPhone X features a 5.8-inch OLED display. iPhone X is the company’s first iPhone to feature OLED display. The screen has 458 ppi, the highest pixel density in an iPhone ever. Powered by Apple’s latest six-core A11 chipset, it also boasts of facial recognition-powered FaceID.