August 11, 2022
Samsung Denies Hitting Apple With 20% Price Increase

Samsung Denies Hitting Apple With 20% Price Increase

Posted November 14, 2012 at 6:25pm by iClarified · 7840 views
A Samsung official has denied that the company raised processor prices on Apple by 20%, reports The Hankyoreh, a Seoul-based newspaper.

The unnamed official noted that prices are set at the beginning of the year and aren't changed easily.

Piper Jaffray analyst Gene Munster noted that if Samsung were to raise prices by 20% it would be a 1% to 2% hit to gross margins; however, Apple would eventually move to another supplier for more favorable rates.

"Apple may eventually shift production to another vendor (TSMC has been mentioned in various news reports), but in the meantime, they appear to have no other avenue," said Munster. "We believe that if Apple were to move to another vendor in the next year or two, they may be able to negotiate better chip prices, which would roll back the impact from the Samsung price increase."

[via TheStreet]

Samsung Denies Hitting Apple With 20% Price Increase
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Alex Richards
Alex Richards - November 16, 2012 at 5:53am
Wise words sir
Lov3boyz
Lov3boyz - November 15, 2012 at 1:21am
Rubbish company doing a noob tick :)
Alex Richards
Alex Richards - November 14, 2012 at 8:02pm
No comment
AlwynIsPat
AlwynIsPat - November 15, 2012 at 1:21pm
No comment on No comment.
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