P403news.today403Tue 03 Nov14:24
NEWS.TODAY
TECHNOLOGY 3/9
Apple inventory surges as memory chip costs climb further
Apple's inventory has jumped to $14.5 billion as the company faces unprecedented memory chip costs expected to keep rising.
Apple reported a 154 per cent year-on-year increase in inventory to $14.5 billion in its fiscal fourth quarter, driven by stockpiling of memory chips as costs surge. CEO John Ternus told analysts that memory pricing is 'unprecedented' and the company expects even higher costs in the December quarter and beyond. Apple has raised prices on some devices including Mac, iPad and iPhone to offset the impact.
From 4 outlets:
Summary written by AI from these reports. See news.today/ai
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