Apple’s inventory surges 154% as memory chip costs climb
Apple has reported significant inventory growth to $14.5 billion amid escalating memory chip costs. The company has warned that these elevated costs will persist, creating uncertainty about whether price increases for future devices may be necessary to maintain profitability.
Key points
- Inventory climbed 154% to $14.5 billion
- Memory chip costs at unprecedented levels and expected to continue rising
- Future device pricing in question due to cost pressures
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