APPLE may be Samsung’s nemesis in the smartphone business, but the relationship is more complicated than you think it is. We can probably call them frenemies. Exhibit A: An Apple iPhone X win is a victory for the Korean tech giant as well.

According to market-research firm Counterpoint, Samsung is estimated to make $110 or roughly P5,635 from each iPhone X unit sold. The Cupertino-based company, after all, gets components like OLED screens and memory chip from Samsung. While it has looked for other sources of those components, only the Korean manufacturer as of now can provide them with the quantity that Apple needs.

SEE ALSO: iPhone X, the future of iPhone, unveiled today — and it looks like this

Counterpoint gauges that Apple will sell around 130 million of its 10th-anniversary iPhone edition in a 20-month period. So we’re looking at earnings of $14.3 billion off the iPhone X.

READ ALSO: Samsung Galaxy S8+ review: The phone to beat in 2017

Samsung, on the other hand, is estimated to sell 50 million Galaxy 8 units in the same time frame. It is said to make $202 or about P10,347 off components for its own smartphone. Do the math, and you’ll get a total of $10.1 billion in earnings, approximately $4 billion less than what it’s going to earn from the iPhone X.

Samsung stands to earn $4 billion more off the Apple iPhone X than the its own Galaxy S8 smartphone.

Until Apple finds other suppliers for its components, it will have to depend on rival Samsung for them. And Samsung, well, it can laugh its way to the bank.

Story via The Wall Street Journal; image via Benjamin Geskin on Twitter

---