WS #10708
Apple shares closed down 6.1% as the RAM crisis forces price hikes across Macs, iPads, and Vision Pro, with the chip shortage benefiting Micron but hurting Apple's margins. Micron reported sales quadrupling to $41.46B and guided Q3 revenue ~$50B, well above estimates, with CEO stating memory supply won't catch up with demand beyond 2027.
Apple RAM Crisis Selloff
Apple shares closed down 6.1% as the RAM crisis forces price hikes across Macs, iPads, and Vision Pro, with the chip shortage benefiting Micron but hurting Apple's margins.
Micron reported sales quadrupling to $41.46B and guided Q3 revenue ~$50B, well above estimates, with CEO stating memory supply won't catch up with demand beyond 2027.