The new iPad 3 tablet turns out to be a "gold mine" for Apple's partners in South Korea because the company from Cupertino invests considerable sums of money to buy components that will end up in the new tablet and future iDevices. Samsung would have been contracted for no less than 9 billion dollars, money for which it will provide screens for the iPad 3 tablet plus other components that will fit into the internal structure of the new product and the other iDevices sold by Apple. Those from Samsung are not the only ones contracted by Apple because LG Display, LG Chem, LG Innotek, SK-Hynix Samsung Electro-Mechanics and other partners have signed contracts worth billions of dollars with Apple.
According to the publicized document by Apple, Samsung Electronics is included among its supply-chain management (SCM) structure, LG Display, LG Chem, LG Innotek, SK-Hynix Samsung Electro-Mechanics are other Korean suppliers. This year, Apple is expected to buy over $9 billion worth of Samsung memory chips and flat screens from $7.8 billion last year, according to officials from Apple's Korean parts suppliers and market analysts. SK-Hynix is also upbeat about the new Apple tablet. It is supplying its mobile DRAMs and NAND flash memory chips to Apple.
Apple increased its component orders from Samsung by almost 20%, but the other manufacturers were not forgotten either. Annually, Apple spends tens of billions of dollars on components for iDevices, but it earns over 100 billion dollars from the sale of them, Macs and other products available in its own offer, and it already has over 100 billion in banks around the world of dollars available for investment.
