Apple Set to Become Samsung's Biggest Customer With $7.8 Billion in Contracts

Dow Jones Newswires briefly reports on an article from the Korea Economic Daily claiming that Apple is set to sign contracts that would see Samsung providing $7.8 billion in parts for Apple's mobile devices this year, making Apple the Korean company's largest customer.

The paper also said that Samsung will supply Apple with liquid crystal displays, mobile application processors and NAND flash memory chips used for the U.S. company's iPhones and iPads.

If the contract pushes through, Apple will become Samsung's largest customer, the paper added.

The Apple-Samsung relationship is an interesting one, given its size and the growing competition between the two companies with devices such as Samsung's Galaxy Tab and Android-powered smartphones going head-to-head against the iPhone and iPad.

Samsung has long provided an array of parts for Apple's iOS devices, including displays, flash memory, and even Apple's A4 chip. The company's Super PLS display technology has been rumored to be under consideration for use by Apple in upcoming iPad models, although Apple has also been rumored to be locking in multiple other vendors for displays for upcoming devices.