Business · 51m ago
Apple CEO warns memory costs to rise further in September
Apple CEO Tim Cook said the company expects to pay even more for memory in the September quarter following recent price hikes. Apple nearly doubled its inventory to $11.09 billion as memory costs ate into its gross margin. Cook described the situation as fighting 'a hundred-year flood' on memory pricing.
Meridian48 take
This highlights how memory price volatility can squeeze even the largest tech companies, but Apple's scale and pricing power may mitigate the impact.
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Apple CEO Tim Cook says the company is fighting 'a hundred-year flood' on memory pricing — expects to pay even more for memory in September following recent price hikes →
Tom's Hardware
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