Apple warns of ‘unprecedented’ rise in memory chip prices
iPhone maker says decision to raise prices has offset some of impact, as revenues are stronger than expected Business live – latest updates 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. Continue
Story summary
iPhone maker says decision to raise prices has offset some of impact, as revenues are stronger than expected Business live – latest updates 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. Continue
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