Micron Chief Accuses Apple of Cutting Prices During Downturn, Driving Current Memory Shortage

According to BlockBeats, Micron's chief commercial officer Sumit Sadana on June 26 accused Apple of exploiting negotiating leverage during the previous industry downturn to slash prices significantly, weakening Micron's capacity investment and contributing to current severe memory shortages. The pressure previously drove Micron and SK Hynix to report substantial losses, including gross margins as low as -90% in 2022-2023, while Apple profited over $16 billion from storage tiering. Yesterday, Apple raised hardware prices due to surging memory chip costs, triggering a sharp stock decline.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments