Samsung Sees First Profit Growth in Two Years Thanks to Apple ➝

Min-Jeong Lee, reporting for the Wall Street Journal:

While the mobile-phone business isn’t likely to see a significant rebound as growth in global demand for smartphones cool amid saturated markets, Samsung’s earnings are being powered by strong growth in its chip business due to tight supply and firm pricing, analysts say. Samsung’s chip unit likely accounted for about half of the company’s profit in the third quarter, analysts said, while strong sales of displays to Chinese smartphone makers also contributed to its bottom line.

An incredible portion of this could be directly attributed to Apple’s use of Samsung-manufactured A9 processors in a sizeable amount of iPhone 6s and 6s Plus devices.