Micron’s stock falls after Apple’s Tim Cook expresses a desire for more memory suppliers
First publishedJul 31, 15:59 UTC
Last updatedJul 31, 18:41 UTC · 18m ago
1 outlet
MarketWatch
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Answer
Apple and Amazon are both being hurt by higher memory prices.
Reported by 1 outlet — MarketWatch. See all sources ↓
Micron's stock price dropped after Apple CEO Tim Cook said he wants more companies to supply memory chips. He said relying on few suppliers makes prices high. Apple and Amazon are both feeling the impact of higher memory costs.
Why it matters
Higher memory prices can raise the cost of devices like smartphones and computers. This may affect what consumers pay for tech products.
In brief
- Why did Micron's stock fall?
- Because Tim Cook said Apple wants more memory suppliers, which worries investors.
- Who else is affected by high memory prices?
- Apple and Amazon are both hurt by the higher costs.
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Micron’s stock falls after Apple’s Tim Cook expresses a desire for more memory suppliers
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