Apple warns of ‘unprecedented’ rise in memory chip prices
by Staff and agencies from Technology | The Guardian on (#79G5E)
iPhone maker says decision to raise prices has offset some of impact, as revenues are stronger than expected
Apple has warned of an unprecedented" rise in memory chip prices, as it battles with datacentres to lay its hands on supplies.
The iPhone maker's shares fell in after-hours trading after it told investors that the higher prices will eat into its profit margins.
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