Apple Forks Out $500 Million For Flash Memory

on 07/22/2009, filed in Home > Apple

Apple, riding high on yet another favorable quarterly earnings report, has just announced that it recently forked out a cool half billion American dollars to Toshiba in order to snag a long-term supply of NAND for its mobile devices. This investment continues to place a high level of importance on flash memory as a key component for Apple, and has yet to rule out any other long-term deals with suppliers – presumably, if the price is right and in their favor.

Apple Inc: Apple Inc was founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne as a computer company wich is often credited to have initiated personal computing. After a meteoric rise in the 80s, Apple had lost the personal computing battle against Microsoft and others in the 90s. But in the late 90s and early 2000s, the company came back to profitability by focusing on less products and started using industry-standard components. Apple's largest business is now in the smartphone space, with the iPhone representing more than half of the revenues and an even larger part of the profits. Read our Apple product reviews to see what the company has been up to: iPhone 5 Review, Macbook Pro with Retina display review

Join a great community!