Apple Adds DRAM Suppliers to Fix A20 Pro Shortages, Preps iPhone 18
AAPL sits 52% above its 52-week low of $205.59.
Summary
Apple is adding Micron, SK Hynix, and Samsung as mobile DRAM suppliers to resolve shortages that have delayed A20 Pro wafer packaging. Inventory is building ahead of the iPhone 18 and foldable iPhone Ultra launches. Separately, OpenAI moved to dismiss Apple's trade secrets lawsuit, calling the claims baseless. The DRAM move directly addresses the component shortages flagged in the Q3 10-Q and follows the June price hikes on Macs and iPads tied to memory costs. Securing supply for the next iPhone cycle is a material positive for the product roadmap.
At the time of this announcement, AAPL was trading at $312.56 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.6T. The 52-week trading range was $205.59 to $344.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.