Apple warns of ‘unprecedented’ rise in memory chip prices
Apple says unprecedented memory chip costs will continue to rise, raising questions about future device prices as its inventory climbs to $14.5 billion.
The iPhone maker’s shares fell in after-hours trading after it told investors that the higher prices will eat into its profit margins.
iPhone maker says decision to raise prices has offset some of impact, as revenues are stronger than expected Business live – latest updates Apple has warned of an “unprecedented” rise in memory chip prices, as it battles with datacentres to lay its hands on supplies.
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