Apple Warns Memory Costs Will Rise Again in Q3 as Tight Supply Lifts Chip Prices
Updated
Updated · Yahoo Finance · Aug 6
Apple Warns Memory Costs Will Rise Again in Q3 as Tight Supply Lifts Chip Prices
2 articles · Updated · Yahoo Finance · Aug 6
Summary
Tim Cook said Apple expects memory costs to be “even higher” in the current quarter after already paying significantly more in the June quarter than in March.
Apple’s warning points to a sustained supply crunch rather than a brief spike, with demand for DRAM, NAND and HBM still outstripping available capacity.
Micron has been a key beneficiary because its memory output is largely sold out under multiyear agreements, and shortages are expected to persist into 2027.
Micron shares had tripled in the first half of 2026 before falling 26% from a late-June peak, a pullback the report links more to profit-taking and cycle fears than weakening AI demand.