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Apple CFO Cautions on Chip Supply '100 Year Flood' Impact
Apple's revenue growth outlook for the current quarter falls short of expectations, with CEO Tim Cook describing an unprecedented '100-year flood' in memory pricing. This persistent shortage is forcing price increases on some devices and impacting the company's near-term forecasts.
The persistent shortage in memory chips, described as a '100-year flood' by Apple CEO Tim Cook, could lead to sustained pricing pressure on devices incorporating these components. Investors should monitor companies that produce or heavily rely on high-bandwidth memory (HBM) and dynamic random-access memory (DRAM).
