AI summary
Apple’s profit margins are squeezed by record-high memory chip costs, as it competes with data centers for limited supply.
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Apple warns of ‘unprecedented’ rise in memory chip prices
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iPhone maker’s says decision to raise prices has offset some of impact, as revenues are stronger than expectedBusiness live – latest updatesApple 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 reading...
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