P408news.today408Tue 03 Nov02:30
NEWS.TODAY
TECHNOLOGY 8/9
Apple's inventory surges as memory chip costs climb sharply
Apple's inventory jumped to $14.5 billion as memory chip costs reach unprecedented levels, with further increases expected.
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 amid unprecedented cost rises. CEO John Ternus said the company expects memory costs to continue climbing in the December quarter and beyond. Apple has partially offset these increases through price rises on devices including iPhones, iPads and Macs implemented in June and September, and by using pre-purchased inventory bought at lower prices.
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