Memory chip '100-year flood' to slow iPhone growth from 22% to mid-teens
Apple is facing its most severe supply chain disruption in recent memory as memory chip prices hit a 'hundred year flood,' forcing the iPhone growth forecast down from 22% to mid-teens and squeezing gross margins. Tim Cook's final earnings call highlighted limited supply chain flexibility, posing immediate challenges for procurement and logistics teams.
Source: fortune.com · finance.yahoo.com