Samsung Is Creating A Team That Will Make Screens For Apple Devices Only

Apple Inc. (NASDAQ: AAPL) competes against Samsung Electronics Co Ltd (OTC: SSNLF) on the global stage. The rivalry between the two is set to intensify with the recent release of Samsung's latest phone – the Galaxy S6, a competing product to Apple's latest iPhone 6 devices.So why is Samsung helping its rival?Bloomberg reported on Wednesday that Samsung created a standalone team of around 200 employees who will be working exclusively on screens for Apple products. The publication said the team at Samsung provides screens for iPads and MacBooks, but the company will also make Apple's A9 processor chips at its Gieheung plant in South Korea for the next iPhone model.Samsung is relying more on its display and semiconductor units and now counts Apple as its largest external customer for Samsung components. In a blog post on April 1, BGR commented that Samsung should "love Apple's top product for as long as possible."Samsung doesn't break down its financials, so it's not apparent how much money Samsung actually earns from Apple. However, deals with Apple, Deutsche Telekom, Ingram Micro, Sprint Corp and Verizon Communications Inc. accounted for 13 percent of its 206 trillion won ($185 billion) revenue in 2014, according to ZDNet.The term "frenemies" could be most appropriate to describe the relationship between the two companies given recent back and forth legal battles. Apple previously accused Samsung of copying its iPhone designs, while Samsung claimed Apple was using pieces of its wireless transmission technology without its authorization."The new exclusive team for Apple implies that the relationship between Samsung and Apple has improved," Jerry Kang, an analyst at IHS told Bloomberg. "This also suggests that Samsung Display will win screen orders from Apple, such as for the Apple Watch."