Samsung’s component division will make more money off the iPhone X than the Galaxy S8

Samsung is set to make around $110 from each iPhone X that Apple sells, according to a new report from The Wall Street Journal.

To clarify, that’s Samsung as a corporate entity — specifically the conglomerate’s component manufacturing arm — not Samsung Electronics, which makes Galaxy smartphones and is generally the more familiar part of the company to most consumers. TheJournal estimates that Samsung’s profits from the iPhone X are expected to be so large that the company’s revenues could earn up to $4 billion more than producing parts for the Galaxy S8.