Apple Fails to Secure Lower DRAM Prices From China's CXMT
AAPL sits 54% above its 52-week low of $202.16 on light trading volume (0.3× avg).
Summary
Apple's attempt to negotiate lower DRAM prices with Chinese chipmaker CXMT has failed, with CXMT insisting its quotes match or exceed those of Samsung and SK Hynix. This comes as Apple already raised Mac, iPad, and accessory prices by 15-25% in late June due to rising memory costs. With Huawei and Xiaomi locking in CXMT capacity under long-term contracts, Apple's bargaining leverage has diminished, potentially squeezing margins further amid already soaring R&D for AI. The development adds to a string of supply-chain pressures, including worsening component shortages flagged in the latest 10-Q.
At the time of this announcement, AAPL was trading at $310.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.5T. The 52-week trading range was $202.16 to $344.57. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Binance News.