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Apple stocks up on flash memory
Jake Widman
Thursday, 23 July 2009 23:12
Page 1 of 2
Apple announced a US$500 million deal with Toshiba, prepaying to ensure a longterm supply of NAND flash memory. Is it just for iPhones and iPods, or is it another harbinger of an upcoming iTablet?Prices for solid state memory have begun to stabilize, said Apple COO Tim Cook, as reported by CNet.
Cook went on to announce a new longterm supply agreement with Toshiba involving the $500 million prepayment.
Apple uses flash memory in its iPhones and iPods, and the new agreement may reflect the booming demand for those products and preparation for the rumored introduction of a new iPod Touch this fall.
The company has been having trouble keeping up with the demand for its new iPhone 3GS, introduced last month.
But the prebuy could also fit into any plans to introduce a tablet in time for this year's holiday shopping season.
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