iPhone 17 is selling like crazy, and it is benefitting Samsung

Last month, Apple launched a new lineup of smartphones, which includes the iPhone 17 series, as well as the iPhone Air. The former brings massive improvements over its predecessor, the iPhone 16 series, while costing the same, whereas the latter, with its super-thin chassis, is one of the most unique phones on the market. 

With that, the iPhone 17 series and the iPhone Air are in immense demand. Now, a new report says these phones are seeing explosive sales in China. While that’s bad for Samsung, as many people may sway away from Galaxy S and Galaxy Z series phones, the report points out that it is also benefiting the South Korean tech giant.

The iPhone 17 series and iPhone Air feature 12GB LPDDR5X RAM. Apple sources this memory chip from Samsung, SK Hynix, and Micron, with Samsung being the major supplier. That means the higher the sales of the iPhone 17 series and the iPhone Air, the higher the amount of memory chips Apple will purchase from Samsung, which results in higher revenue and higher profit for the South Korean tech giant. That’s not all.

When the demand goes up, prices go up too. With Apple requiring a high quantity of memory chips for iPhone and other tech giant requiring HBM chips for AI applications, Samsung, SK Hynix, and Micron are operating at their maximum manufacturing capacity. If they fall short of supplying as many chips as required, the memory prices may go up, which means that Samsung may earn even more from iPhone 17 sales.