Micron (MU) Shares Slip As Apple (AAPL) CEO Tim Cook Signals Push For More Memory Chip Suppliers
Apple CEO Tim Cook rattled memory chip investors after making comments about seeking additional suppliers during the company’s latest earnings call. Cook told analysts directly: “For September [the third quarter], we expect to pay even higher memory costs,” signaling ongoing pricing pressure for Apple’s device lineup. Cook stopped short of announcing any concrete plans to…