Samsung About To Get A Cash Infusion From Apple? (AAPL)

If this article from Engadget turns out to be true, Samsung will be singing a much richer tune than it was earlier. Apple AAPL is said to be close to purchasing nearly $8 billion worth of parts from Samsung, as it seeks parts for its iPad and iPhones to meet strong consumer demand. Among the $7.8 billion being spent are displays, applications processors, and NAND flash chips, all of which Samsung makes. Shares of Apple are up $2.03 to $358.88 today, a gain of 0.6%.