toggle

AAPL Stock: 111.78 ( -0.87 )

Printed from http://www.macnn.com

Apple places $500 million memory order with Toshiba

updated 09:15 am EDT, Wed July 22, 2009

Apple $500M memory order

Apple has paid a large sum of cash to Toshiba in order to acquire flash memory, according to company executives. Speaking during Tuesday's Q3 conference call, COO Tim Cook and CFO Peter Oppenheimer acknowledged a $500 million prepayment to Toshiba, meant to secure a long-term supply of NAND flash for portable products. Cook notes that flash is instrumental to Apple, given its use in the iPhone and every iPod model except for the Classic.

Cook and Oppenheimer have not disclosed the length of the contract with Toshiba, and no deals with other memory suppliers have been completed. In 2005 however, Apple delivered $1.25 billion to Hynix, Intel, Micron, Samsung and Toshiba in a similar arrangement for NAND. Those deals are set to expire in 2010, and given Apple's disproportionate drain on flash supply, the company may need to sign further agreements.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. MacnnGregor

    Joined: Dec 1969

    +1

    There you go ....

    This is where Apple can set the rules to the game using its huge cash reserve.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

toggle

Most Commented